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BID BOND <br />KNOW ALL MEN BY THESE PRESENTS, that <br />hereinafter called the "Principal", and <br />, a Corporation duly organized under the Laws of <br />of Oregon, <br />having its principle place of business at <br />in the State of , and authorized to <br />do business in the State of Oregon as Surety, are held and <br />firmly bound unto Marion County Public Works Department, <br />hereinafter called "Public Works", in the penal sum of <br />Dollars ($ ), for the payment of which, well <br />and truly to be made, we bind ourselves, our assigns, <br />jointly and severally, firmly by these presents. <br />THE CONDITIONS OF THIS BOND IS SUCH THAT, WHEREAS, the <br />principal <br />herein is herewith submitting his or its Bid Proposal for <br />said Bid <br />Proposal, by reference thereto, being made a part hereof. <br />NOW THEREFORE, if the said Bid Proposal submitted by the <br />said principal be accepted and the Contract be awarded to <br />said Principal, and if the said Principal shall execute the <br />proposed Contract as required by the bidding and the <br />Contract Documents within the time set by said Documents, <br />then this obligation shall be void. If the Principal shall <br />fail to execute the proposed Contract, the Surety hereby <br />agrees to pay to Public Works the penal sum as liquidated <br />damages. <br />Signed and sealed this day of <br />Principal <br />By. <br />(A Certified Copy of the <br />Agent's Power-of-Attorney Surety <br />must be attached hereto} <br />By <br />the State <br />, 19_ <br />Attorney-in-Fact <br />