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' JLL 18 '95 04:08PM DIY/MINERALS&GEOLOGY P.3/3 <br /> .. .. . <br /> AND THE SAID SURELY,for val �' = r• "' '%�:l ti sue' ;'' y a = �:"ue rettervet�her@lbjr strpulefies a�ci bgrea5a wli':�` {I <br /> .eud.,ileclared, ewer fKe;�rinc/pblrshail'be, <br /> Principal Representative to be in default underaaid'Contract, the State o 'Coladc'Ireving <br /> perform its oblige+ions thereunder, the Surety may promptly remedy tl1e �feult or shall rom-tl + I•= <br /> the Contract in accoridarsce.with its terms end conditions, or(2) Obtain a bid Or bids for submittal MOMel t the,f ) Complete <br /> Ropresentative'for Completing the Contract in accordance with its terms arcl conditions, and upon determi„a}and <br /> by the Principal Representative and Surety of the lowest responsible bidder, arrange for a contract between such <br /> bidder and the State of Colorado acting by and through the Principal kepceseatat;ve tlnd., available as-work <br /> progresses (even though there should be a default or <br /> e contract or conact� of <br /> completion arranged under this paragraph) suff`ieient funds to paythe$s;On ofcost of Completefaults under ilon less the balance of the <br /> contract price but not exceeding, including other costs and damages for which the Surety rtlay be'liable hereun- <br /> der,the amount hereinbefore set forth. The term "balance of tho contract price"as herein used shall mean +he total <br /> amount payable to the Principal under the Contract and aay amendments thereto, less the amount properly paid <br /> by the State of Colorado to the Contractor. <br /> No right of action shall accrue on this bond to or for the use of any person or corporation other than -no <br /> State of Colorado. <br /> IN WITNESS WHEREOF, the Principal and the Surety have executed this bond, this 25 th <br /> day of7ulY 19 95 , <br /> (Corporate Seal) P.RINCIP <br /> By i rv'p —2 - <br /> sure Title PY.C.5.L d e <br /> m �: , . <br /> �e��'•t�eturrrtrrrrrrr� c <br /> IT- <br /> SURELY ' <br /> ' LU: W,� �= <br /> By Susan Gagliardi <br /> SEAL #059 <br /> THIS-BOND MUST B"CPo,MrAMrF-R4'V/t=POW,ER OF ATTQRi4EY, EFfECYIYft.Y D/t7RD <br /> Note:' This 66iW is Issued simbitaheously with <br /> ariothei bond conditioned' for the full <br /> and faithtul payment for ell labor and <br /> rttateriai of the contract. ' <br /> r"nla For -6.22 <br /> 1-Me d L�i��5(Rev,7/11701 � • ' <br /> ' '1 <br />