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PERFORMANCE BOND <br />KNOW ALL MEN BY THESE PRESENTS, that we <br />as Principal, and <br />, a Corporation duly <br />authorized to do general Surety business in Oregon, as <br />Surety, are jointly and severally held and bound unto Marion <br />County, a Political Subdivision of the State of Oregon, the <br />Obligee herein, in the sum of <br />Dollars ($ <br />), for the payment of which we <br />jointly and severally bind ourselves, our heirs, executors, <br />administrators, successors and assigns, firmly by these <br />presents: <br />THE CONDITION OF THIS BOND IS SUCH THAT, WHEREAS, <br />(Contractor) <br />the Principal herein, on the day of <br />, 19 , entered into a Contract with Marion County, a <br />Political Subdivision of the State of Oregon, which Contract <br />together with the Drawings, Plans, Specifications, and <br />General Provisions are attached hereto and by this reference <br />made a part hereof as if set forth in full herein. <br />NOW, THEREFORE, if the Principal herein shall faithfully and <br />truly observe and comply with the terms, conditions and <br />provisions of the said Contract, in all respects, and shall <br />well and truly and fully do and perform all matters and <br />things by him undertaken to be performed under said <br />Contract, upon the terms set forth therein, and within the <br />time prescribed therein, or extended as provided in the <br />applicable Plans and Specifications, and shall indemnify and <br />save harmless Marion County Board of Commissioners, its <br />officers, employees and agents against any direct or <br />indirect damages of every kind and description that shall be <br />suffered or claimed to be suffered in connection with or <br />arising out of the performance of the said Contract by the <br />said Contractor or his Subcontractors; and shall make <br />payment promptly, as due, to all Subcontractors and to all <br />persons supplying to the Contractor or his Subcontractors, <br />equipment, supplies, labor or materials for the prosecution <br />of the work, or any part thereof; shall pay no less than the <br />prevailing wage rate, as of the date of bid, as set forth in <br />ORS 279.348 through 279.356, provided for in said Contract, <br />and shall pay all <br />