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BID BOND <br />Bond Number: <br />N/A <br />/ <br />~, .' ~~~C.)~~~s-~ ~~ <br />.. <br />KNOW ALL MEN BY THESE PRESENTS, that we <br />LIBERTY <br />BOND SERVICES <br />WES7Si00D SWINGRTON CONSTRQCTION, INC. <br />, as Principal (the'Principal'), and LIBERTY MUTUAL INSURANCE COMPANY, a mutual company duly organized under lhe <br />laws of lhe Commonwealth of Massachusetls, as Surety (the'Surety'), are held and firmly bound unto <br />MARION COUNTY AND SALEM AREA MASS TRANSIT DISTRICT <br />, as Obligee (lhe'Obligee'), in ihe penal sum of <br />TEN PERCENT (107) OF THE TOTAL AMOUNT BID ----- Dollars($ ---107---- ), <br />tor ihe payment of which sum well and lruly to be made, the Principal and ihe Surety, bind ourselves, our heirs, executors, <br />adminislrators, successors and assigns, jointly and severally, lirmly by these presents. <br />WHEREAS, the Principal has submitted a bid for <br />COURTHOUSE SQUARE TRANSIT MALL <br />NOW, THEREFORE, if the Obligee shall accept the bid of the Principal within the period specilied lherein, or, if no period be <br />specified, wilhin sixty (60) days after opening, and the Principal shall enter inlo a contract wilh lhe Obligee in accordance wilh <br />Ihe terms of such bid, and give such bond or bonds as may be specified in lhe bidding or conlract documents, or in the event <br />of ihe failure o( the Principal to enter into such contract and give such bond or bonds, if the Principal shall pay to lhe Obligee <br />lhe difference in money not to exceed the penal sum hereof belween ihe amoun[ specified in said bid and such larger amount <br />lor which fhe Obligee may in good failh conlract with another party to per(orm lhe work covered by said bid, then this obligation <br />shall be null and void, otherwise to remain in lull force and effect; in no event shall lhe liability hereunder exceed Ihe penal sum <br />hereof. <br />Signed and sealed this <br />27th <br />BID DATE: FEBRIIARY 4, 1999 <br />WITNESS OR ATTEST: <br />day of <br />.TANUARY t9 99 <br />WEST4i00D S4IINERTON CONSTRIICTION, INC. <br />(Seal) <br />Principal <br />By: f~~/~~~~~~~~~~~'~ <br />Name: DAVID H. GRUBS <br />Tille: CHAIRMAN OF THL+ BOARD <br />LIBERTY MUTUAL INSURANCE COMPANY (Seal) <br />Surety <br />B <br />Anor e -In- act J <br />ff/94 F7ev. <br />LBS-5000 <br />