1995-04-03_GENERAL DOCUMENTS - C1981048 (2)

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h Bond f+. .:` C-13574R take o C04 Nu�o x 1875 PROJECT:TRINIDAD BASIN MINING Pi0JECTNO,MVC-MINES-348 5% of the amount bid not to exceed SIX THOUSAND AND 001100 KNOW ALL MEN BY THESE PRESENTS: WHEREAS, J.R. WALTON COMPANY P.O. BOX 716 INDIAN HILLS,80454 hereinafter called the "PRINCIPAL",is submitting a PROPOSAL for the above described prtiaict, to the STATE OF COLORADO, hereinafter called the"OBLIGEE". WHEREAS the Advertisement for Bids has required as a condition of receiving the Prop):.31s that the Principal submit with the PROPOSAL a PROPOSAL GUARANTY in an amount not less than five per cent 15%) of the Yoposal, which sum it is specifically agreed is to be forfeited as Liquidated Damages in the event that the Principal defaults in his ot'i I3tion as hereinafter specified, and,in pursuance of which.Requirement,this Bid Bond is made, executed and delivered. NOW,THEREFORE,the Principal and CAPITOL INDEMNITY CORPORATION 4610 UNIVERSITY AVE. MADISION,WI 53705 a corporation of the State of WI duly authorized to transa;t business in Colorado,as Suraty, are held and firmly bound unto the igee, in sumo ive per cent %) of the Principal's tote. bid price, lawful money of the United States for the payment of which sum, well and truly to be made to the Obligee, we ;irid ourselves, our heirs, executors, administrators,successors and assigns,jointly and severally,firmly by these presents. FURTHER THAT, a condition of this obligation is such that the principal shall maintain its Proposal in full force for thirty(30) days after the opening of the proposals for this project, or, if the Principal's Proposal is ac:apted, the Principal shall, within the prescribed time, execute the required Agreement.furnish the required Performance Bond, Labor:nd Material Payment Bond,Insurance Policy, and Certificates of Insurance, then his obligation shall be null and void, otherwise it shall remain in full force and effect, and subject to forfeiture upon demand as Liquidated Damages. IN WITNESS WHEREOF said Principal and Surety have executed this Bond, this 03 _ day of April A.D„ (Corporate Seel) THE PRINCIPAL J.R. WALTON COMP;0Y P.O. BOX 716 INI'v'-kN HILLS,CO 80454 cress ATTEST: ._ Secretary By i SIGNATURES-. If the "Principal" is doing business as a corporation, the B Bond shall be s ried by an officer, i,e., President or Vice-President. The signature of the officer signing shall be attested; to by >ho Secretary and properly sealed. If the"Principal" is an individual or a partnership, the Bid Bond shall so indicate arF;: i3e properly signed. (Corporate Seal) THE SURETY ' CAPITOL I EMNITY"c'ORPORATTON. By Attor.r Fact Carla Zick THIS BOND MUST BE ACCOMPANIED BY POWER OF ATTORNEY,EFFECTIVELY DATED State Form SO.6. 14 lssued 9/1/65(Ray.:7/1/89) FAILURE TO PROVIDE A PROPERLY EXECUTED BID BOND WITH A PROPERI;:(' EXECUTED POWER OF ATTORNEY WILL RESULT IN THE BIDDERS PROPOSAL BEING DI'FMED NON- RESPONSIVE. 395.061-01-6146 it