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~ ~~ /? <br />~~U~ ~., j" ~~ ~ \'~ ~ Si. PAUt P[R~ AND MARINE <br />~ INSURANCE COMPANY <br />~ 8liat~t~rv St. Paul, Minnesota <br />A Capital Stock Comnany <br />BID BOND <br />Approvad by Tha Amerian InsUiute of Archltects, <br />A. 7. A. Documenl A 310 Feb. 1970 Edition <br />KNOW ALL M~N BY TNESE PRESENTS, that we PENCE/KELLY CONSTRUCTION, INC. <br />as Principal, heninafter called the Principal, <br />and tho ST. YAUL FIRE AND MARINE 1NSL'RANCE COMPANY, a corporation duly organized under the laws of ihe <br />State of Minnesota a& Surety, hereinefter called the Surety, are held and firmly bound unto <br />MARION COUNTY AND SALEM AREA MASS TRANSIT DISTRICT <br />in the sum of <br />TEN PERCENT OF THE TOTAL BID AMOUNT <br />as Obligee, hercinaftec called the Obligcc, <br />Dollars <br />(S 10$ ), (or the payment af wl~ich sum well and truly to be made, the said Principal and the said Surety, <br />bind aurselves, our heirs, executors, administrators, successors and assigns, jointly and severally, firmly by these presents. <br />WHEREAS, the Principal has submitted a bid for <br />CONSTRUCTION OF COURTHOUSE SQUARE TRANSIT MALL <br />~IOW, THEREFORE, if the Obligee shall accept the bid of the Principal and the Principal shall enter inio a <br />contract with the Obllgee in acrnrdance with the terms of sucli bid, and give such bond or bonds as may be spetifled in <br />the bidding or eonRact documents with good and sufficient surety foc the faithtul perCormance of such contract and for <br />the prompt payment of labor and matcrial furnishcd in the prosecution theteof, or in the event oF the failure oF the <br />Principal to enter such contract and give such bond or bonds, if thc Principal shali pay to the Obligee the difference not <br />to excecd the penalty hereo( between the amount specified in said bid and such IarBer amount Cor which the Q6ligee may <br />in good faith contract with another party to perlorr.i the work covered by said bid, then this obligation shall bc null and <br />void, othcrwisc to remain in Cull force and effecl. <br />Signed and sealed thls ZOTH day of JANUARY A. D. 19, 99 , <br />~ PENCE/KELLY CONSTRUCTION, INC. ~Seal) <br />q,~~ ,(.,'//A /OZ ~ ~ ~ Pil) <br />(Wilnau) <br />~~- (7itk) <br />St. P~ul Fin ~nd Ma I~K Iniunnu Comp~ny (Seel) <br />A lSuatYl <br />(Wltneu) BY <br />A.G. S OWSKI <AUamey-in•!uq <br />13130 P~v. S.ff Rinl~a ~~ ~sa. Prln~ed wi~h ptrniiuion ojThr Ameriran /netln/~e of ArchJ~ret7 <br />