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i:_ <br />. • '~ L~%= <br />^ ~ r~ _, <br />J~~)!i~ ~`~~ <br />~ <br />Bid Bond <br />AIA Document A31Q - Electronic Format <br />THIS DOCUMbM HAS Q.SPOR7ANT LEGpL CONSEQlJ6NCFS: CONSULTAT(ON WIfH qN p'['~'pRNgy [S QiCOURpGEp WIIN R~gPECI' 70 Ci'S <br />COMPLET70N OR MODIflCAT[ON. AUIHENT1CA770~7 OF il{IS EIF.CTROMC.AA,[,y DRAFTEp Np DOCUM.ENT Mqy BE MpDE BY VSING AfA <br />pOCUMFSfI' D401. <br />KNOW AI.I. MEN BY'CtlESE PRESHNI'S, that we MARION CONSTRUCTION COMPANY <br />PO SOX 12218 (Huein~e,rj~tlnameadaddi._uarlsgalnrrco~Conrrocior/ <br />SALEM, OR .97309 <br />as Principal, hereinaftcrcalled the Principal, and THE AMERICAN INSURANCE COMPANY <br />PO BOX 3825 (HQelnunfuLnameondodd~morkgn7cdeofSurcryJ <br />PORTLAND, OR 97208 NEBRASKA <br />a corporalion duly organizcd undcr Ihe laws of the Sta~ of as Surety, hercinafter called the Sumty, are hcld and 5rmly bound unto <br />MARION COUNTY ANp SALFM AREA MASS 7'RANSIT DISTRICT <br />100 HIGH ST. NE (F(c~ein=ert~u4namsandaddretlo~{cgdC~4pfp~.n¢r) <br />SALEM, OR 97301 TEN PERCENT OF TOTAL AMOUNT BID (10%) <br />as Ob(igee, LeicinaRu called lhe Obligee, in thc sum of Dollars (S ), for ILe paymenl of which sum well and Wly to be made, Uie <br />sai' inCipal and the said Swe~y, bind outxlves, our heics, executors, administralors, s~~cessors and acci~ jointly and sevetallY. <br />fir~: u5' thcse prescnts. <br />WF~AS, Ihe Principal has submined a bid for <br />COORTHOUSE SQUARE - TRANSIT MALL - SALEM~ OR (H~clnurtfull~wmqcddnuondduoipnonofpro/ec~) <br />NOW, 'i'FLIItEFORE, iC (he Obligee shall amept We bid of the Principal and che Priucipal Shvll ~~ ~to a Contract with tl~e <br />Obligoe in sxordanco with thc tcrms af sUCh bid, snd give such boad or bonds as may be ~ed iu the 6iddiag or Coalratt <br />DowmaUS wiW good and ~cient s~uety for the fai[hfu! perfo~manct of s~ech Contract and for the prompt paymenL of labor and <br />material fi~m~~~ in the pcorecution theceof or in the event of the failure of the Principal to rnter sucL Cowract and give such <br />bond or boods, if the Yrinciptl shall pay to the Ob(igx ILe diH'ereoce not to exoced the pcnalty hereof betwcen the amouat speci~ied <br />in said trid and such larger amount for which the Obligce may in good failh contraa with anot}Mr party to pc~form tLe Woric <br />co~ered by said bid, then this obligation shall be null and void o~ecwise to rcrt~ain in fiill force and effect. <br />M~', :xJRgNTA3l0•BmSOND-AIA-FEBRUARY1970PACT10N-Tt1EMffiIt1CANWSITRfIEOFARCFi7lF.CiS,17j5NEWYORKAVENUEN.W., <br />wf_ .NG[~QI~7 D.G 20006-5292. Udicmud p6otooopying vid~ta U.S, copy*i~t lawc end ic u+bjat b kp~l posecutioa T6u dxum~t ,,.u ~,n,~;~~y p,,a,,,,e <br />`~ P~mimon ohhc.4U ad can bc rtp~oduood ..iWout vioWion wail ~he dLLe of c~i~.liw u oa~ed bdow. <br />EleCaonic Fora~at p310.1970 <br />User pocument: A31U.CON - 12/8/1998. AIA License Number ]00632, whicti exp~~ on 17J7/1999 - Page #I <br />