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REP24144
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REP24144
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Last modified
5/3/2012 3:25:19 PM
Creation date
11/27/2007 3:54:21 AM
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/ / a <br />Im <br />PROJECT: <br />KNOW ALL MEN BY THESE PRESENTS: <br />WHEREAS, <br />PROJECT NO. <br />sa $owd <br />hereinafter called the "PRINCIPAL ", is submiting a PROPOSAL for the above described project, to the STATE OF COLORADO. <br />hereinafter called the "OBLIGEE ". <br />WHEREAS, the Advertisement for Bids has required as a condition of receiving the Proposals that the Principal submit with <br />the PROPOSAL a PROPOSAL GUARANTY in an amount not less th five per cent (5%) of the Proposal, which sum it is specifically <br />agreed is to be forfeited as Liquidated Damages in the event that the Principal default, in his obligations as hereinafter specified, <br />and, in pursuance of which Requirement, this Bid Bond is made, executed and delivered. <br />NOW, THEREFORE, the Principal and <br />a corporation o f the State of duly authorized to transact business in Colorado, as <br />Surety, are held and firmly bound into the Obligee. in the sum of five per cent (5 *11 of the Principal's total bid price, lawful money of <br />the Ucitad States for the payment of which sum. well and truly to be made to the Obliges. we bind ourselves. our heirs. executors, ad- <br />ministrators, successors and assigns, jointly and severally, firmly by these presents. <br />FURTHER THAT, a condition of this obligation is such that the Principal shall maintain his Proposal in full iorce and eifoct <br />for thirty (30) days after the opening of the proposals for the project, or, if the Principals Proposal is accepted, the Principal shall. <br />within the prescribed time, execute the required Agreement, furnish the required Performance Bond, Labor and Material Payment <br />Bond. Insurance Policy, and Certificates of Insurance, then this obligation shall be null and void, otherwise it shall remain in full force <br />and effect, and subiect to forfeiture upon demand as Liquidated Damages. <br />IN WITNESS WHEREOF said Principal and Surety have executed this Bond, this day of ,A,D., <br />19_. <br />(Corporate Seal) THE PRINCIPAL <br />ATTEST: Address <br />BY <br />Secretary <br />SIGNATURES: If the "Principal" is doing business as a Corporation, the Bid Bond shall be signed by an officer. i.a.. President or Vice - <br />President. The signature of the officer signing shall be attested to by the Secretary and properly sealed. <br />if the "Principal" is an individual or a partnership, the Bid Bond shall so indicate and be properly signed. <br />(Corporate Seal) THE SURETY <br />By <br />Aftorney -in -Fact <br />THIS BOND MUST BE ACCOMPANIED BY POWER OF ATTORNEY, EFFECTIVELY DATED <br />Stan Form SC -6.14 <br />leeusd 9/1/65 IRev. 7/1/701 <br />
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