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THE AMERICAN INSTITUTE OF ARCHITECTS <br />A/A Docianen! A310 <br />Bid Bond <br />KNOW ALL MEN BY THESE PRESENTS , that we <br />Drakc Conslruclion Company, Inc. <br />437 N. Columbia Doulcvard, Portland, Oregon 972t7 <br />as Principal, hereinafter called the Principal, and <br />i'edcral Insurancc Company <br />I$ Mountain ~ew Road, P.O. Ibx 1615, Wamcn, Ncw Jcrscy ~1-1G15 (~) 903-?A00 <br />a corporation duly organized under the laws of the State of tnaiana <br />as Surety, hereinafter called the Surety, are held and firmly bound unto <br />Marion County and Salcm Arca Mass Trensi[ Uistricl <br />as Obligee, hereinafter called the Obligee, in the sum of'rcn ~crecni or nmo~ni ~iid <br />Dollars ($ 109'o Ami Did ) , <br />for the payment of which sian nell azd truly to be made, the said Principal and the said Surety bu~ <br />aarselves, our heirs, exeaators, ac1ninistrators, successors azr] assi~s jointly ard severally, fiimly by <br />rliese presaits . <br />Wf-Q~REAS, tl~e Pri.ncip3l has suhnitt~ a hid for <br />Salcm Courthousc tiquarc 'I'ransil Mall, <br />Salcm, OR <br />NOW, THEREFORE, if the Obligee shall accept the bld of the Principal and ihe Principal shall enler into a Conlracl <br />with the Obligee in accordance with 1he terms ol such bid and give such bond or bonds as may be specified in ihe~bidding <br />or Coniract Documenls with good and suHicient surely for lhe lailhful peAormance ot such Contracl and for ihe prompt <br />payment of labor and malerial lurnished in the prosecullon thereol or in ihe event of the failure of Ihe Princlpal to enter <br />such Conlract and give such bond or bonds if ihe Principal shall pay to the Obligee Ihe dillerence not to exceed Ihe penally <br />hereof belween Ihe amount specified in said bid and such larger amount tor which Ihe Obligee may in gootl lailh conlract <br />with another party to perlorm ihe Work covered by said bid Ihen Ihis obligation shall be null and void othenvise to remain <br />in lull Torce and eHect <br />Sl~[l~ 2IYI SP212CI Ul1S 4 <br />d8y Of f'cbruary <br />19 '~ <br />IJG~.F~ J~~1 ~ lL~~-l <br />~~f1053) <br />Dmkc Conslruclion (:ompany, Inc <br />(Principal) ~~/eAl~ <br />_ ` <br />~ (Title) <br />David L. Brenneman <br />Exec~y~i~v~V~i~ce,~P~ys i dent <br />~ ~ (Surely) (Seal) <br />I_ Rchkop Allomcy-in-I~aa <br />,,, ~,~`~;~ <br />~r~~~._ <br />AIA DOCUMENT A310 - BID BOND - AIA ~ FEBRUARY 1970 ED ~ THE AMERICAN <br />INSTITUTE OF AFCHITECTS, 1735 N.Y. AVE, N.W., WASHINGTON, D.C. 20006 <br />