2000-09-29_GENERAL DOCUMENTS - C1981016

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�r Zell's BOND #1129905 PROJECT. HAWKS NEST MINE RECLAMATION PROJECT NO.PKA' -1-476 57. of the amount' bid nor to exceed TWO THOUSAND FOUR HUNDRED AND N0/100 (2,400.00' KNOW ALL MEN 8T THESE PRESENTS: WHEREAS, DIRT—N—IRON, INC. 1675 17 RD. LOMA, CO 81524-9436 hereinafter tolled the"PRINCIPAL,is submitting a PROPOSAL for the above described orojecs.to the STATE OF COLORADO.hereinafter called the"OBLIGEE-. W;iEREAS, :ir..A&zriisernent for Bids ha:required c a condit.an of receiving llst Proaosdls that the Principal subrso.,th rho PROPOSAL a PROPOSAL GUARANTY in an amount not less than five per cent(.5%)of the Proposal,which sum is is specifically agreed is to be forfeited as Liquidated Damages in the event that the Principal defaults in his obligation as hereinafter specified, and,in pursuance of "Which Requirement,this Bid Bond is mode,executed and delivered. NOW,THEREFORE.the Principal and AMWEST SURETY- INSURANCE COMP-ANY- 5230 LAS VIRGENES ROAD CALABASAS, CA 91302 a corporation of the Stole of NEBRASKA duly authorized to transact business in Colorado.as Surety, are held and firmly bound unto the Obligee,in the sum of five per cent(5%)of the Principal's total bid price, lawful money of the United States for the payment of which sum, well and truly to be made to the Obligee, we bind ourselves, our heirs, executors, administrators.successors and assigns•jointly and severally,firmly by thesis presenn. FURTHER THAT,a condition of this obligation is such that she Principal shod maintain his Proposal in full force and effect for thirty (30)days after the opening of the proposals for the project, or, if the fi•inctpof's Proposal is accepted, the Principal shall,-whin the prescribed time,execute the required Agreement, furnish the required Performance Bond.Labor and Material Payment Send.:3urance Policy, and Certificates of Insurance, theta this obligation shall be null and void, otherwise it shag remain in full force and eifect.and subject to forfeiture upon demand as Liquidated Damages. IN WITNESS WHEREOF said Principal and Surety have executed this Bond,this 5 TH _icy of S F.PTFMR lA-71J00 (Corporate Seal) THE PRINCIPAL ' DIRT—N—IRON. INC. 1675 17 RD. , LOMA, CO 8 ATT t- a - fly_��\# f 1 I Secretary - SIGNATURES: If the "Principol"is doing business as a Corporation, the Bid Bond shag be signed by on officer, i.e., President or Vice-President. The signature of the officer signing shad be retested to by the Secretary and properly sealed. If the"Principal'is an individual or a partnership,the Bid Bond sbcaT so indicate and be properly signed. (Corporate Seal) THE SURETY AMWES;./SVRETY INSUA�CANY . By A»orn 'n-foa WILSON W. COLEMAN TYIS BONO MUST BE ACCOMPANIED BY POWER OF ATTORNEY,EFFECTIVELY DATED State Form SC-6. to issued 9/1/65(Rev. 7/1/891 FAILURE TO PROVIOE,A PROPERLY EXECUTED BID BOND WITH A PROPERLY EXECUTED POWER OF ATTORNEY WILL RESULT IN THE BIDDERS PROPOSAL BEING DEEMED NON- RESPONSIVE. I95-d1-01-614b