Laserfiche WebLink
AND THE SAIC SURET•f fcr value received here'oy stipulates anc agrees that wr,enever the Principal snali be, and <br /> declared cy the Princ:cal Reoreser,tanve to oe in default under said Contract. the State of Colorado harng performed its <br /> coligat.cr,s !hereunder, ire Surety may prcrr.otly remedy the default or snail promot:y(1)Complete the Contras,in accordance <br /> with its terms and conditions. or (2) Obtain a bid or bras for suomittal to the Principal Representative for cemoiehng the <br /> Con;raCt in accordance with its terms and conditions, and upon determination by the Principal Representative and Surety of the <br /> lowest responsible bidder, arrance for a contract between such bidder and the State of Colorado acting by and through the <br /> Principal Representative and make availaeie 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) sufficient funds to pay the cost of <br /> completion,less the balance of the contract once but not exceeding, including other costs and damages for which the Surety <br /> may be liable hereunder, the amount hereinbefore set forth The term 'balance of the contract price"as herein used shall mean <br /> the total amount payaoie 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 or.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 24th day of <br /> A.D., 122 00 <br /> (Corporate Seal) THE PRINCIPAL <br /> Bitterroo ration, Inc. <br /> ATTEST: <br /> :�� By <br /> Titac: Patrick Burke President <br /> Secretary <br /> (Corporate Seal) SURETY <br /> Amwest Suret uranc <br /> B <br /> e0 omey-in-fa <br /> Seaton <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 9/1165(Rev 7(70) <br /> 195-61.01-6229 <br />