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03/15/00 08:03 FAX 588 7951 MARION CO RISK 1~09 <br />Salem Area Mass Transif District/Marion County IFB 00-03 <br />TAB Services ~~ ~ ~~ <br />~~N ~~ <br />~ ~~ kT BID BOND <br />KNOW ALL MEN BY THESE PRESENTS, that <br />thereinafter called the Principal, and <br />a <br />Corpatation duly organized under the Laws of the State of Oregon, having its principal place of <br />business at . in the State of , <br />and authorized to do business in the State of Oregon as Surety, are held and firmly bound unto <br />Marion County and Safem Area Mass Transit District, in the penal sum of <br />Dollars ($ ~, for the payment <br />of whlch, well and trufy to be made, we bind ourselves, our heirs, executors, administrators, <br />successors and assigns, jointly and severally, firmly by these presents. <br />THE COND{'TION OF THIS BOND IS SUCH THAY, WHEREAS. the Principal he~ain is <br />herewith submitting his or its Bid Proposal for <br />said Bid Proposal, by reference thereto, being hereby made a part hereof. <br />NOW THEREFORE, if the said B{d Proposal submitted by the said Principal be accepted, <br />and the Contract be awarded to said Principal, and if the said Principal shall execute the proposed <br />Contract as required by the bidding, then this obligation sha11 be voided. If the Prlncipal shall fall <br />to execute the proposed Contract, the Surety hereby agrees to pay to Marion County/Salem Area <br />Mass Transit District the penal sum as liquidated damages. <br />• Signed and sealed this day of <br />52 <br />ATTACHMENT XII <br />200 <br />Principal <br />By: <br />surery <br />(A Certified Copy of the <br />~qent's Power-of-Attorney <br />must be attached hereto.) By: ~ <br />Attorney-In-Fact <br />