1988 AGN NOV 01 I10 - Laserfiche WebLink

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CHUBB GROUP of Insurance Companies 15 Mountain View Road, P.O. Box 1615, Warren, NJ 07061-1615 BID BOND FEDERAL INSURANCE COMPANY Bond No. 8113-68-94 -A Amount $ 10% of Amount Bid Know All Men By These Presents, That we, Ameron , Inc. (hereinafter called the Principal), as Principal, and the FEDERAL INSURANCE COMPANY, Warren, New Jersey, a corporation duly organized under the laws of the State of New Jersey, (hereinafter called the Surety), as Surety, are held and firmly bound unto City of Colton (hereinafter called the Obligee), in the sum of 10% of the Amount Bid Dollars ($ 10% ), for the payment of which we, the said Principal and the said Surety, bind ourselves, our heirs, executors, administrators, successors and assigns, jointly and severally, firmly by these presents. Sealed with our seals and dated this 20th day of October A. D. nineteen hundred and Eighty Eight ' WHEREAS, the Principal has submitted a bid, dated October 24 for , 19 gg , Furnish and deliver Concrete Poles NOW, THEREFORE, if the Obligee shall accept the bid of the Principal and the Principal shall enter into a con- tract act with the Obligee in accordance e with such bid and give bond with good and sufficient surety for the faithful performance of such contract, or in the event of the failure of the Principal to enter into such contract and give such bond, if the Principal shall pay to the Obligee the difference, not to exceed the penalty hereof, between the amount specified in said bid and the amount for which the Obligee may legally contract with another party to per- form the work covered by said bid, if the latter amount be in excess of the former, then this obligation shall be null and void, otherwise to remain in full force and effect. Ameron Inc. Principal By: B By: COMPANY C,K. Nakdmura, Attorney -In -Fact Form 15-02-0002 (Rev. 7-83) - PRINTED P-85356 (25M) U.S.A.