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OF.co <br />sF <br />1876 <br />PROJECT: <br />Fruita Mine/American Shield Bond Forfeiture <br />! <br />KNOW ALL MEN BY THESE PRESENTS: <br />WHEREAS, ASI RCC, INC. <br />ova Vaed <br />PROJECT NO. PKA-0-455 <br />hereinafter tolled the "PRINCIPAL", is submitting a PROPOSAL for the above described project, to the STATE OF COLORADO, hereinafter <br />called the "OBLIGEE". 11 <br />11 <br />WHEREAS, the Advertisement for Bids has required as a condition of receiving the Proposals that the Principal submit with the <br />11 <br />PROPOSAL a PROPOSAL GUARANTY in an 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 evenflthat the Principal defaults in his obligation as hereinafter specified, and, in pursuance of <br />which Requirement, this Bid Bond is made, executed and delivered. <br />11 <br />NOW, THEREFORE, the Principal and I <br />Three Parkway, Philadelphia, PA 191 <br />a corporation of the State of Pennsylvania <br />Surety, ore held and firmly bound unto the Obl <br />United States for the payment of which sum, <br />administrators, successors and assigns, jointly a <br />FURTHER THAT, a condition of this oblil <br />(30) days after the opening of the proposals i <br />prescribed time, execute the required Agreeme <br />Policy, and Certificates of Insurance, then this <br />subject to forfeiture upon demand as Liquidated <br />IN WITNESS WHEREOF said Principal <br />2000 . <br />(Corporate Seal) <br />NCE INSURANCE COMPANY <br />, duly authorized to transact business in Colorado, as <br />ee, in the sum of five per cent (5%) of the Principal's total bid price, lawful money of the <br />well and truly to be made to the Obligee, we bind ourselves, our heirs, executors, <br />j severally, firmly by these presents.. <br />otion is such that the Principal shall maintain his Proposal in full force and effect for thirty <br />r the project, or, if the Principal's Proposal is accepted, the Principal shall, within the <br />t, furnish the required Performance Bond, Labor and Material Payment Bond, Insurance <br />)bligotion shall be null and void, otherwise it shall remain in full force and effect, and <br />)omages. <br />td Surety hove executed this Bond, this 2nd doy of March , A.D., <br />THE PRINCIPAL ASI RCC, INC. <br />P.O. Box 3127 <br />Buena Vista, CO 81211 <br />ATTEST: <br />Barry G. Wer ?cretory <br />Address <br />By David J. Bosshart Vice President <br />SIGNATURES: Ihe "Pr ncipal" is doing business as a Corporation, the Bid Bond shall be signed by on o"icer, i.e., President or <br />ice-President. The signature of the officer signing shall be attested to by the Secretary and properly sealed. <br />If the "Principal" is an individual or a partnership, the Bid Bond shall so indicate and be properly signed. <br />(Corporate Seal) THE SURETY <br />Reli sVran e m ny <br />By <br />or ey-i -Fact ynn Guer <br />THIS BOND MUST BE ACCOMPANIED BY POWER OF ATTORNEY, EFFECTIVELY DATED <br />State Form SC-6. 14 <br />Issued 9/1/65 (Rev. 7/1/89) 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