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<br />Fruita Mine/American Shield Bond PROJECT NO. PKA 04 55
<br />PROJECT:
<br />Forfeiture
<br />5% of the amount bid not to exceed Five thousand dollars & no/100--------------------
<br />KNOW ALL MEN BY THESE PRESENTS:
<br />WHEREAS, Gary Rinderle Construction, Inc.
<br />P.O. Box 1380, Clifton CO 81520
<br />hereinafter called the "PRINCIPAL", is submitting a PROPOSAL''for the above described project, to the STATE OF COLORADO, hereinafter
<br />called the "OBLIGEE".
<br />: : IEPZEAS, the Advertisement for Bids has required as o condition of receiving the Proposals that the Principal submit with the
<br />PROPOSAL a PROPOSAL GUARANTY in on amount not less than five per cent (5%) of the Proposal, which sum it is specifically agreed is to
<br />be forfeited as Liquidated Damages in the event that the Principal defaults in his obligation as hereinafter specified, and, in pursuance of
<br />which Requirement, this Bid Bond is mode, executed and delivered.
<br />NOW, THEREFORE, the Principal and
<br />Amwest Surety Insurance Company
<br />5230 Ras Virgenes Road
<br />Calabasas, CA 91302
<br />a corporation of the State of Nebraska , 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 payment of which sum, well and truly to be made to the Obligee, we bind ourselves, our heirs, executors,
<br />administrators, 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 Proposal in full force and effect for thirty
<br />(30) days af;/c r the o ing of the owls for the project, or, if the Principal's Proposal is accepted, the Principal shall, within the
<br />prescribed tiecute the required Agre en t, furnish the required Performance Bond, Labor and Material Payment Bond, Insurance
<br />Policy, and ates of Insurance, then thi obligation shall be null and void, otherwise ,t shall remain in full force and effect, and
<br />subject to fortture upon'demondtas Liquidated mages.
<br />
<br />IN WSS `H/HEER{E)C?1?f?said Prince r
<br />W (Corporate Seal)
<br />have executed this Bond, this 28 day of FebruaryA.D.,
<br />THE PRINCIPAL
<br />Gar Rinderle C nstruction, Inc.
<br />P.O. Box Clifton C 81520
<br />d ss
<br />By
<br />/ v 7cretory `
<br />SIGNATURES: If the "Principal" is doing business as a Corporation, the Bid Bond shall be sig
<br />Vice-President. The signature of the officer signing shall be attested to by the Secre/t?
<br />If the "Principal" is on individual or o partnership, the Bid Bond so indicate dnd
<br />TH URETY
<br />(Co porate Sea[)
<br />moves Sur y Insu
<br />B
<br />Rodne . Power Atto,
<br />THIS BOND MUST BE A.GCOMPANIED BY,POWER OF ATTORNEY, EFFECTIVELY D ED
<br />State Form SC-6. 14
<br />I d 9/1/65'Rev 7/1/891
<br />ned on fficer, e-e., President or
<br />and pr erly sealed.
<br />be props y signed. `
<br />C
<br />ney-in-Fact
<br />ssue
<br />FAILURE TO PROVIDE A PROPERLY EXECUTED BID BONA WITH A PROPERLY EXECUTED
<br />POWER OF ATTORNEY WILL RESULT IN THE BIDDERS PROPOSAL BEING DEEMED NOW
<br />RESPONSIVE.
<br />395-61-01.6146
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