1994 AGN JUL 05 I03 - Laserfiche WebLink

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0 BID BOND KNOW ALL MEN BY THESE PRESENTS, .i That we, WARREN DUNCAN CONTRACTING AMERICAN BONDING COMPANY Tucson, Arizona 85711 BOND NO: 9439969 , as Principal, hereinafter called the Principal, and AMERICAN BONDING COMPANY, of Tucson, Arizona, a corporation duly organized under the laws of the State of Arizona, as Surety, hereinafter called the Surety, are held and firmly bound unto CITY OF COLTON as Obligee, hereinafter called the Obligee, in the sum of ONE THOUSAND SEVEN HUNDRED DOLLARS AND N0/100'S********************** Dollars ($ 1, 700.00** ), for the payment of which sum well and truly to be made, the said Principal and the said Surety, bind ourselves, our heirs, executors, administrators, successors and assigns, jointly and severally, firmly by these presents. WHEREAS, the Principal has submitted a bid for DEMOLITION OF 2 BUILDINGS NOW, THEREFORE, if the Obligeee shall accept the bid of the Principal and the Principal shall enter into a Contract with the Obligee in accordance with the terms of such bid, and give such bond or bonds as may be specified in the bidding or Contract Documents with good and sufficient surety for the faithful performance of such Contract and for the prompt payment of labor and material furnished in the prosecution thereof, or in the event of the failure of the Principal to enter such Contract and give such bond or bonds, if the Principal shall pay to the Obligee the difference not to exceed the penalty hereof between the amount specified in said bid and such larger amount for which the Obligee may in good faith contract with another party to perform the Work covered by said bid, then this obligation shall be null and void, otherwise to remain in full force and effect. Signed and sealed this 31ST day of MAY , 19 94 (Witness) (Witness) WARREN DUNCAN CONTRACTING (Principal) (Seal) Aexl %a By — (Title) AMER CAN ONDIN COM ANY [/tk& By ' (Seal) JULIA B. LUCIO, (Attorney -in -Fact)