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(name) <br />CITY OF COLORADO SPRINGS <br />BID BOND <br />1. KNOW ALL MEN BY THESE PRESENTS, THAT: <br />RAY WARD TRUCKING <br />30193 HIGHWAY 184 DOLORES,CO 81323 <br />(address) <br />as Principal, hereinafter called Principal, and <br />TIG PREMIER INSURANCE COMPANY <br />Boren No. TPI- 3222717 <br />(surety name) <br />70 W. MICHIGAN AVE ADMINISTRATIVE OFFICE BATTLE CREEK,MI 49017 <br />(surety address) <br />a corporation organized and existing under the laws of the State <br />o f CA and AUTHORIZED TO DO BUSINESS IN THE STATE <br />OF COLORADO, as Surety, hereinafter called Surety, are held firmly <br />bound to the CITY OF COLORADO SPRINGS, COLORADO, as Obligee, <br />hereinafter called the Obligee, in the sum of: <br />5 0 of amount bid not to exceed <br />ELEVEN THOUSAND FIVE HUNDRED AND 00 /100 <br />Dollars ($11,500.00 ), <br />lawful money of the United States of America, for payment of which <br />sum well and truly to be made, the Principal and the Surety bind <br />themselves, theirs heirs, executors, successors and assigns, <br />jointly and severally, firmly by these presents. <br />2. WHEREAS, the Principal has submitted to the Obligee a <br />contract bid dated the lz day of October , 19 for the <br />following contract: <br />f fAT, RASTN /MTNRG 1 & 2 RRMAMATTON <br />PKA -6 -364 <br />3. NOW THEREFORE, THE CONDITION OF THIS OBLIGATION IS SUCH THAT, <br />If Principal's bid is accepted by Obligee and Principal is awarded <br />the contract in whole or in part, and the Principal shall enter <br />into the contract with the Obligee in accordance with the terms of <br />such bid, and give such Payment, Performance, and Maintenance bond <br />or bonds as may be specified in the bidding or contract documents <br />with good and sufficient surety for the faithful performance of <br />such contract and for the prompt payment of labor and material <br />furnished in the prosecution thereof, or in the event of the <br />failure of the Principal to enter such contract and give bond or <br />bonds, if the Principal shall promptly pay to the Obligee the <br />amount of this bond as set forth hereinabove, then <br />