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.BUD THE SA!r— SUP=i! .rv-;�:e <br /> be in'"-.TaUit JnCer sa•C Coni;ac:. the States Cf C„ioracc nav;ng peCCrmeC its <br /> congauons thereunder,the Surety may promptly remedy the default or shall promptly(1)Complete the Contract in accordance <br /> witn its terms and cond;';cns, or(2)Cbtaln a bid or bids for submittal tc the Princ.cal Representative for completing the <br /> Contract;n accorcarice with Its terms and conditions, and ucon determination by the Princ,cal Representative and Surety of the <br /> lowest responsible bidder, arrange fcr a contract bet,veen such bidder and the State of Colorado acting by and through the <br /> Principal Representative and make available as work progresses(even though there should be a default or a succession of <br /> defaults under the contract or contracts of completion arranged under this paragraph)suf is:ent funds to pay the cost of <br /> completion, less the balance of the contract price but not exceeding, including other costs and damages for which the Surety <br /> may be liable hereunder,the amount herelnbefore set forth. The term"balance of the contract price"as herein used shall mean <br /> the total amount payable to the Principal under the Contract and any amendments thereto, less the amount properly paid by the <br /> State of Colorado to the Contractor <br /> Colorado.No right of action shall accrue on this bond to or for the use of any person or corporation other than the State of <br /> IN WITNESS WHEREOF said Principal and Surety have executed this Bond,this 2nd day of <br /> June A.D,t9- 2000 <br /> a&5oo <br /> (Corporate Seal) THE PRINCIPAL <br /> RM CAT ENVIRONMENTAL SERVICES, INC. <br /> ATTSTc <br /> _ � V 1 <br /> Title: G 'G <br /> Secretary <br /> (Corporate Seal) SURETY <br /> HIGULANPS INSURANCE COMPANY <br /> Attorney-in-act <br /> Joan C. Armstrong <br /> THIS BOND MUST BE ACCOMPANIED BY POWER OF ATTORNEY, EFFECTIVELY DATED <br /> Note: This bond is issued simultaneously with <br /> another bond conditioned for the full and <br /> faithful payment for all labor and material <br /> of the contract. <br /> State Form SC-6.22 <br /> Issued 9/1/65(Rev.7/70) <br /> 395-61-01-6229 <br />