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B~D ~QND <br />~CNOW ALL MEN BY THESE PRESENTS, that~ <br />STATON COMPANIES <br />hereinafter called the "Principal", and RELIANCE INSURANCE COMPANY <br />, a <br />Corporation duly drgan~zed under the Laws of the State of .PENNSYLVAtvlA <br />having its principle place of business at PHILADELPHIA <br />in the State of PENNSYLVANIA , a,nd au~hori2ed to do <br />business in the State of Oregon as Suxety, are.held and firmly <br />bound unto Marion County General Services Department, tiereinafter <br />cal~ed "General Servic~s~' , in the penal sum of TEN PERCENT OF THE <br />TOTAL AMOUNT BID Dollar~ ( ~ <br />), for the payment of which, well and truly to be made, we bind <br />ourselves, ouz~ assigns, jointly and several~y, fa.rmly~ by the~e <br />presents. <br />TH~ CONDITIONS OF THIS BOND IS SUCH TT~P.T, W'HEREAS, the principa~ <br />h~rein is herewith submitting his or its Bid Proposa~ for <br />COURTHOUSE SQUARE PRE-CONSTRUCTION REMEDIAL ACTIVITIES s a id B id <br />Proposal, by refer~nCe ther~to, being made a part hereof. <br />NOW THEREFORE, i~f the said ~id Proposal submitted by the said <br />principal be accepted and the Contract b~ awarded to said <br />Principal, and if the said Principal shall execute th~ propoaed <br />Contract as required by the bidding and the Contract pocuments <br />within the time set by saa~d Documents, then this obli,gation ~hal1 <br />be void. If th~ PrinCipal shall fail to execute the propoeed <br />Contract, the Surety hereby agrees to pay to General Services the <br />psnal sum as liquidated damages. <br />Signed and sealed this <br />22ND day of <br />SEPTEMBER <br />19_ 97 <br />STATON COM A IN Es <br />Principal <br />By : ( ~-% ~r.'c-~ ~~ ~-`-,,.~ <br />(A Certified Copy o£ the <br />Agent's Pawer-of-ACtox~ney <br />must be attached hereto) <br />RELIANCE INSURANCE COMPANY <br />Surety ~ <br />B 8~~~ l/ <br />Y= <br />Attorney-in-F t <br />BEVERLEY VERBANIC <br />