1996-10-15_GENERAL DOCUMENTS - C1981017

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PROJECT NO. PROJECT: KNOW ALL MEN BY THESE PRESENTS: WHEREAS. ERM—ENVIROCLEAN ROCKY MOUNTAIN INC hereinafter called the "PRINCIPAL", is tubmiting a PROPOSAL for the above described project. to the STATE OF COLORADO, hereinefter coiled the "OBLIGEE". WHEREAS. the Advertisemenf for Bids has required as a condition of receiving the Proposals ?hat the :ritupel submit with the PROPOSAL a PRCPOSAL GUARANTY in a- amount nor less than five oer cent (S`/a) of the Proposal, which swn it is specifically agreed is to be lorfeited as Liquidated Damages in the event that the Principal defaults in his obligations as hereinafter specified, and. in pursuance of which Requirement,this Bid Bond is "rode,executed and delivered. NOW. THEREFORE, the Principal and THE INSURANCE COMPANY OF THE STATE OF PENNSYLVANIA Corporetibn of the State of PENNSYLVANTA _, duly authorised to Iransect business in Colorado, as a —� Surety ore held end firmly bound unto the ObGgea. in the sum of five per cent (5";) of the Principal's totol bid pace.lawful money of the United States for the payment of which sum.well and truly to be mode to the Obligee. we bind ourselves, our heirs. esecutors, ad- mrnist(ators. successor and assigns, jointly end severeliy, firmly by these presents. FURTHER THAT, a condition of this obligation is such that the Principal $hell maintain his Proposal in full ioree and effect for thirty (30) day: Of ter the opening of The proposals for the project. or. if the Principal's Proposal is accepted, the Principal shall. .,ithin the prescribed time. execute the required Agreament, furnish the required Performance Bond. Labor end Material Payment Bond. Insurance Policy. and Ceriifieatos of insurance. then this'obligation shall be our. and void. otherwise it Aail remain in full force and effect,end subject to forfeiture upon damand as Liquidated Damages. IN WITNESS WHEREOF said Principal and Surety have executed this fond.this 7 TH day of-TTTNF• A.D" )9_qft_. (Corporate Seal) THE PRINCIPAL ERM—ENVIROCLEAN ROCKY MOUNTAIN INC 5950=,LELLLOW DRIVE,GREEPPOD VILLAGE CO 8011 ATTEST: Ad eu Iv Secretary SIGNATURES: 11 the"Principal'is doing business as a Corporation, the Bid Bond shall be signed by an officer. i.e_ President Or Vice- President The irgnatvre of the o*ficer signing shall be atrasfad to by the Secretary and properly sealed. if the "Principar,is on individual or a partnership.the Bid Bond shall to indicate and ba properly signed. (Corporate Seal) THE SURiTY THE INSURANCE COMPANY OF THE STATE OF PENNSY ' ANIA By AMornoy-in-Fact LEE ANNE HENDERSON THIS BOND MUST BE ACCOMPANIED BY POWER OF ATTORNEY, EFFECTIVELY DATED State Form SC-6.14 Isaued 9/1/65 IRcv.7/t/70)