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<br />PROJECT: Fruita Mine
<br />American Shield Bond Forfeiture
<br />KNOW ALL MEN BY THESE PRESENTS:
<br />WHEREAS, Palisade Constructors, Inc.
<br />TLC 604"L
<br />PROJECT NO. PKA-0-455
<br />nereinafter coiled the "PRINCIPAL", is submittina a PROPOSAL for the above described project, to the STATE OF COLORADO, hereinafter
<br />coiled the "OBLIGEE".
<br />WHEREAS, the Advertisement for Bids has required as a condition of receiving the Prooosais that the Principal submit with the
<br />PROPOSAL o PROPOSAL GUARANTY in an amount not less then five per cent (5%) of the Prooosai, which sum it is saecificaliv agreed is to
<br />oe forfeited as Liquidated Damages in the event that the Principal defaults in his obligation as nereinafter soecif iea, ona, in pursuance of
<br />which Requirement, this Bid Bond is made, executed and delivered.
<br />NOW, THEREFORE, the Principal and
<br />American Casualty Company of Reading,PA
<br />a comoration of the State of Pennsylvania duly authorized to transact business in Colorado, as
<br />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
<br />United States for the povment of which sum, well and truly to be made to the Obligee, we bind ourseives, our heirs, executors,
<br />aaministrators, 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 Proaosoi in full force and effect for thirty
<br />(30) dovs otter the opening of the prociosais for the project, or, if the Principal's Proposal is occeated, the Principal sholi, within the
<br />prescribed time, execute the required Agreement, 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 ano effect, and
<br />subject to forfeiture upon demand as Liquidated Damages.
<br />2001V WITNESS WHEREOF said Principal and Surety have executed this Bond, this
<br />28th day oFebruary A. C.,
<br />THE PRINCIPAL
<br />p?Palisade Cons truet?-.1-n- 34
<br />Address
<br />y
<br />(Corporate Seal)
<br />ATTEST-? /f
<br />Sec tory
<br />SIGNATURES: If the "Princiool" is doina business as a Corporation, the Bid Bond shall be sinned by an officer, i.e., President or
<br />Vice-President. The sionature of the officer signing shall be attested to by the Secretary and progeny sealed.
<br />R
<br />w?` ? If-the "Principal" is an individual or a partnership, the Bid Bond shall so indicate and be oroperiy signed.
<br />;-(Corporate Seal) THE SURETY
<br />American Casualty Company of Reading, PA
<br />Attorney- -Tact
<br />THIS BOND MUST%E ACCOMPANIED BY POWER OF ATTORNEY, EFFECTIVELY DATED
<br />State Form SC-6. 14
<br />Issued 9/1/65 (Rev. 7/1/89)
<br />FAILURE TO PROVIDE A PROPERLY EXECUTED BID BOND WITH A PROPERLY EXECUTED
<br />POWER OF ATTORNEY WILL RESULT IN THE BIDDERS PROPOSAL BEING DEEMED NON-
<br />RESPONSIVE.
<br />395-61-01-6146 _
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