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~'~~~~ ST'. PAUt PIQ~ Al+ID MARINE trrsuuprrc~ cO~a1~Y ~ d,l~t,~y St. Paul, Minnesou A Capital Stock Comaany ~ ei o BoNo Approv~ed by T6e American institute of ArchItectt, A.1. A. ~umcnf A 320 Feb. 1970 Edition KN~i+V ALL MEN BY THESE PRESENTS , that we PENCE/KELLY CONSTRUCTION, INC . as Principat, hereinafter cailed the Principat, and thc ST. NAUL FIRE AND MARINE INSliRANCE COMPANY, a cocporation duly organized under the laws of the State of Minnesota as Surety, hereinafter called the Surety, are held and fumty bound unio MARION COUNTY AND SALEM AREA MASS TRANSIT DISTRIC as Obligea, here'snaftes called the Obligee, in the sum of TEN PERCENT OF THE TOTAL BID AMOUNT Dollars (S 10$ ), for the payment of which sum well and truly to be made, the said Principal and the said Surety, bind ourselves~ our hein, executors, administrators, successors and assigns, jaintly and severally, firmly by these presents. WHEREAS, ihe Principal has sabmitted a bid for ~ CONSTRUCTION OF COURTHOUSE SQUARE TRANSIT MALL VOW, 'THEREFORE, if the Oblige~ shall accept the bid of the Principal and the Principal shall enter into a contract with the f)bligee in aernrdance with the tercns of such bid. and give su.ch bond or bonds as may be specified in the bidding or contract documents wiin good and suf~ci~nt surety foc the faithfut performance o!' such contract and for the prompt paymont of ]abor and materia! furnist~ed in the prosecution thereoP, or in the event of the iailure of the Principat to tnter such contract and give such bond or bonds, if the Principal shall pay t~ the Obligee th~ differeace not to exceed the penalty hereof between the amount specified in said bid snd such targer amount for which the Obligee may in good faith contrac# with another party to perforr~ thc work covcred by said bid. ihen this obligati~n shall bc null and void~ otherwise to remain in full force and effcct. , Signed and seal~d this 20TH aay of JANUARY A. D. ]9 99 ~ ~ ~~ (witnen) (Titk) St. Pwl Fin and Ms ' Insunha Con+WnY (Seal) A • i~~ lSucetYl (Wi[Otu) ~ . BY A. G . S OWSKI (Attocney-in-fut) 13750 R~v. S-7! PrIM~d in usr-. Prrnted wi~h ptr++~ission of ?7u America~ Insr!lute c~f Anchl~ectt PENCE/KELLY CONSTRUCTION, INC. (Seal)