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REP34960
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REP34960
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Last modified
5/3/2012 1:04:00 PM
Creation date
11/27/2007 6:59:35 AM
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• 0 <br />:a Store <br />ry <br />xtss <br />PROJECT: <br />KNOW ALL MEN. BY THESE PRESENTS: <br />WHEREAS, <br />THE PRINCIPAL <br />hereinafter called the "PRINCIPAL ", is submiting a PROPOSAL for the above described project, to the STATE OF COLORADO, <br />hereinafter coiled 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 than five per cent (S °' of the Proposal, which sum it is specifically <br />agreed is to be forieited as Liquidated Damages in the event that the Principal defaults in his obiigations as hereinafter specified, <br />and, in pursuance of which Requirement, this Bid Band is made, executed and delivered. <br />NOW, THEREFORE, the Principal and <br />e corporation o' the Stare of duly authorised to transact business in Colorado. as <br />Surety, are h.eid and firmly bound unto the Obligee. in the sum of five per cent (50� ) of the Principal's total bid price, lawful money ci <br />the United States for the payment of which sum, well and truly to be made to the Obligee. 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 force and eifoc' <br />fcr thirty (30) days alter the opening of the proposals for the project, or, if the Principal's Proposal is accepted, the Principal shall, <br />within the prescribed time, execute the required Agreement. furnish the required Performance Bond, Labor and Materie. Payment <br />Bond, Insurance Pclicy. and Certificates of Insurance, then this obligation shell be null and void. otherwise it shall remain in fu!l 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. <br />19_. <br />)Corporate Seal) <br />ATTEST: <br />Secretary <br />Va Td*d <br />PROJECT NO. <br />day cf .A.D.. <br />By <br />Address <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 she Secretary and properly sealed. <br />If the "Principal" is an individual o r a partnership, the Bid Bond shell so indicate and be properly signed. <br />)Corporate Seel) THE SURETY <br />By <br />Attorney in- Fact <br />THIS BOND MUST BE ACCOMPANIED BY POWER OF ATTORNEY, EFFECTIVELY DATED <br />State Form SC -6.14 <br />Issued 9/1/65 (Rev. 7/1/70) <br />
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