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State of Colorado <br />Bid Bond <br />PROJECT: Hawks Nest Mine Reclamation <br />KNOW ALL BY THESE PRESENTS: <br />WHEREAS, Darnell Oxford dba <br />hereinafter called the "PRINCIPAL", is <br />hereinafter called the "OBLIGEE". <br />PROJECT NO. PKA-1-476 <br />Dog Enterprises <br />a PROPOSAL for the above described project, to the STATE OF COLORADO, <br />WHEREAS, the Advertisement for Bids has required as a condition of receiving the Proposals that the Principal submit with the <br />PROPOSAL a PROPOSAL GUARANTY in an amount not less than five per cent (5%) of the Proposal, which sum it is specifically agreed <br />is to be forfeited as Liquidated Damages in the event that the Principal defaults in his obligation as hereinafter specified, and, in pursuance <br />11 <br />of which Requirement, this Bid Bond is made, executed and delivered. <br />NOW, THEREFORE, the Principal and <br />P.O. Box 60130, Grand Junction, CO 81! <br />a corporation of the State of Arizona <br />Surety, are held and firmly bound unto the Oblil <br />United States for the payment of which sum, <br />administrators, successors and assigns, jointly an <br />ngton International Insurance Company <br />6 <br />, duly authorized to transact business in Colorado, as <br />in the sum of five per cent (5%) of the Principal's total bid price, lawful money of the <br />11 and truly to be made to the Obligee, we bind ourselves, our heirs, executors, <br />/erally, 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 effect for <br />11 <br />thirty (30) days after the opening of the proposals for the project, or, if the Principal's Proposal is accepted, the Principal shall, within the <br />prescribed time, execute the required Agreement1,1 furnish the required Performance Bond, Labor and Material Payment Bond, Insurance <br />Policy, and Certificates of Insurance, then this obligation shall be null and void, otherwise it shall remain in full force and effect, and <br />subject to forfeiture upon demand as Liquidated Damages. <br />IN WITNESS WHEREOF said Principal <br />A.D., 2000 . <br />( Corporate Seal) <br />Surety have executed this Bond, this <br />THE PRINCIPAL <br />5th <br />day of September , <br />Darnell Oxford dba Red Dog Enterprises <br />ATTEST: <br />Secretary <br />SIGNATURES: If the "Principal" is doing <br />Vice-President. The signature <br />If the "Principal" is an individi <br />P.O. Box 452, Hotchkiss, CO 81419 <br />s <br />By <br />is as a Corporation, the Bid Bond shall be signed by an officer, i.e., President or <br />the officer signing shall be attested to by the Secretary and properly sealed. <br />or a partnership, the Bid Bond shall so indicate and be properly signed. <br />THE SURETY <br />(Corporate Seal) <br />THIS BOND MUST BE ACCOMPANIED BY <br />State Form SC-6.14 <br />Issued 9/1/65 (Rev. 7/1/89) <br />FAILURE TO PROVIDE A PROPERLY EXI± <br />WILL RESULT IN THE BIDDERS PROPOS, <br />Washin t Interna ' nall Ins ran a Com an <br />B <br />Sandra K. I Attorney-in-Fact <br />OF ATTORNEY, EFFECTIVELY DATED <br />iTED BID BOND WITH A PROPERLY EXECUTED POWER OF ATTORNEY <br />BEING DEEMED NON-RESPONSIVE. <br />395-61-01-6146 11 S-1942/GEEF 2/98