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'r <br />i r <br /> <br />PROJECT: Fruita Mine / American Shield Bond Forfeiture <br />KNOW ALL MEN BY THESE PRESENTS: <br />WHEREAS. Cole & Company Builders, LLC <br />spa ive-od <br />No. 0001101297 <br />PROJECT No. PKA-0-455 <br />hereinafter celled the "PRINCIPAL"- is submiting a PROPOSAL for the abo•a described project, to the STATE OF COLORADO, <br />hereinafter called the "OBLIGEE". <br />WHEREAS, the Ad"f isement for Bids has reQvired as o Condit'" of receiving the proposals that the Principal submit w;th <br />the PROPOSAL a PROPOSAL GUARANTY in an amount not less then five per Cant (5%1 of the Proposal, which sum it is specifically <br />ageed isto b forfeited es Ligrcidated Damages in the event that the Principal defaults in his obligations as hereinafter specified, <br />endr, in pursuanece of which Requirement, this Bid Bond is made. emcuted and delivered, <br />NOW. THEREFORE the Principal and Amwest Surety Insurance Company <br />a corporation of the State of Nebraska duly authorised to transact business in Colorado. as <br />Surety. are held and firmly bound -into the Obrgee, in the sum of fi•e per cent (5%) of the Principal's total bid price, lawiul money of <br />the United States for the payment of which sum, well! end truly to be made to the Obligee, we bind oursel,.as, our heirs. executors. ad• <br />ministratolm sueeessw% end assigns, jointly and severally, firmly by these presents. <br />FURTHER THAT. a condition of this obligation is aueh that the Principal shall maintain his Propmal in fufl force and effact <br />for thirty (30) days after the opening of the propmak for the proieel, or, if the Principahs Proposal is accepted. the Principal shall. <br />within the prescribed (irnt. execute the required Agreement, furnish the required Performance Bond. Labor and Material Payment <br />Bond. Insureneg Policy, and CaMificates of Imuranet. then this'ebligation shall be nut: and void, otherwise it shall remain P" full force <br />and effect. and subject to forfeifura upon demand as Liquidated Damages. <br />IN w1TNESS WHEREOF said Principal and Surety ha•e eseeuted this land. this 1St day of Maarch A.D; <br />(Corporate Seal) THE PRINCIPAL <br />Cole & Company Builders, LLC' <br />2755 North Ave.: Grand Jct- CO 81501' <br />ATTEST: s Address <br />Secretary <br />SIGNATURES: If tho "Principal" is doing business as a Corporation, the Bid Sand shell be signed by an officer, i.e. President or Vice. <br />President, The signature of the officer signing shall be attested to by the Seeretary,and properly sealed. <br />If the "Principal" is an indi.,idual or a parMership, the Bid Send shall so indicate and be properly signed. <br />(Corporate Seal) <br />i v . <br />`yK1$,-BON0 MUST BE ACCORVANIE,D BY POWGR OF ATTORNE <br />6sar"ted 9?1/GS (Raw. 7/1/701 <br />THE SURETY