1996-06-26_GENERAL DOCUMENTS - C1981017

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aa PROJECT NO. PROJECT: KNOW ALL MEN BY THESE PRESENTS. WHEREAS. ERM—ENVIROCLEAN ROCKY MOUNTAIN INC horeineiter called the "PRINCIPAL", is subrniting a PROPOSAL for the above described project to the STATE OF COLORADO, hereinofter coded the "OBLIGEE". WHEREAS, the Advertisemenf for Bids has required at a conditior of receiving the Proposols that the Pr;n,ipal submit with the PROPOSAL a PROPOSAL GUARANTY in an omovnt not lass than five per cent (5%) of the Proposal, which svm it ,s specifically agreed is to be forfeited as Liquidated Damages In the event that the Principal defaull< in his obligation: as hereinafter spocif,ed, and, in pursuance of which Requirernersf, this Bid Bond is made, exec fed and delivered. NOW. THEREFORE, the Principal and THE INSURANCE COMPANY OF THE STATE OF PENNSYLVANIA a corporo+itir.of the State of PENNSYLVANIA only authorised to I,ansact 6s,ncss in Colorado, as Svrety are held and firmly bound unto the Obligsc in the sum of five per cent (5°a( of the Prinupel's total b d pace. lawful money - the Urrtcel States for the payment of which sum,well and truly to be made to the Obligee, we bind ourselves ovr heirs caecutors, oti m.nistratom successors and assigns, jointly end severaliy, firmly by these prRsents. FURTHER THAT, a condition of this obligation ,s such that the Principal shell maintain his proposal in full iorce and effoct for thirty (30) day: after the opening of the proposels for the Froiect, or, if the Principal's Proposal is accepted the Principal shell, within the prescribed time. execute the required Agreement. furnish the required Performance Bond. Labor and Material Paymnnt Bond, Insurance Policy. and Cercfieates of Insurenee, then this obligation shall be nuli and void. otherwise it shaif remain in full force and effect, end subject to forfeiture upon demand as Liquidated Damages. IN WITNESS WHEREOF sold Principal and Surety have executed this Bond this 7 TH day of TUNE A.U., l9�ji. (Corporate Seal) THE PRINCIPAL ERM—ENVIROCLEAN ROCKY MOUNTAIN INC 5950 S WILLOW DRIVE,GREENWOOD VILLAGE CO 8011 ATTEST: Ad ress Secretory SIGNATJRES: 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 signature of Ilse o*ficer signing shall be at,*ad to by the Secretary and properly seated. If the '•Principe!" is an individual or a partnership.the Bid Bond shell so indicate and be property signed. (Corporate Seal) THE SURETY THE INSURANCE COMPANY OF THE STATE OF PENNSY ANIA By Attorney-in-Fact LEE ANNE HENDERSON THIS BOND MUST BE ACCOMPANIED BY POWER OF ATTORNEY, EFFECTIVELY DATED St etc Form SC-6.14 Issued 9/1/65 1Rev.7/s/70)