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. Salem Area Mass Transit DistricUMarion County IFB 00-03 <br />TAB Services ~~ ~ ~~ <br />T~CN ~~ <br />~ ~~ ~ BID BOND <br />KNOW ALL MEN BY THESE PRESENTS, that <br />thereinafter cailed the Principal, and <br />Corporation duly organized under the Laws of the State of Oregon, having its principal piace of <br />business at <br />a <br />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 Salem Area Mass Transit District, in the penal sum of <br />Dollars ($ ), for the payment <br />of which, well and truly to be made, we bind ourselves, our heirs, executors, administrators, <br />successors and assigns, jointly and severally, firmly by these presents. <br />THE CONDITION OF THIS BOND IS SUCH THAT, WHEREAS, the Principal herein 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 Bid 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 shall be voided. If the Principal shall fail <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 />Surety <br />(A Certified Copy of the <br />AgenYs Power-of-Attomey <br />must be attached hereto.) By: <br />Attorney-In-Fact <br />