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u <br /> �.. BIDDER'S BOND <br /> To Accompany Contract Proposal <br /> w <br /> KNOW ALL MEN BY THESE PRESENTS: <br /> La That we, the undersigned as principal and <br /> as surety, are held and firmly bound unto <br /> the City of Tracy as CITY in the penal sum of TEN PERCENT (10%) of the total amount <br /> of the bid of the principal, for the payment of which, well and truly to be made, we <br /> hereby jointly and severally bind ourselves, successors and assigns. <br /> +� Signed this day of The <br /> condition of the above obligation is such that whereas the Principal has submitted to <br /> a certain BID, attached hereto and hereby made a <br /> �. part hereof to enter into a contract in writing, for the: <br /> LEWIS MANOR WELL CONSTRUCTION (PHASE 1) AND DESTRUCTION OF THREE <br /> ABANDONED WELLS AND TWO PUMP HOUSES <br /> CIP 7502, 7503, & 7535 <br /> NOW, THEREFORE <br /> �. (a) If said BID shall be rejected, or <br /> (b) If said BID shall be accepted and the Principal shall execute and deliver a contract <br /> in the Form of Contract attached hereto (properly completed in accordance with said <br /> BIDS including all required bonds for faithful performance and labor and material, as <br /> • well as all required evidence of insurance) then this obligation shall be void, <br /> otherwise the same shall remain in force and effect. <br /> In the event suit is brought upon this Bond by the City, surety shall pay reasonable <br /> attorney's fees and costs incurred by the City in such suit. <br /> The Surety, for value received, stipulates and agrees that the obligations of said Surety <br /> and its BOND shall be in no way impaired or affected by any extension of the time within <br /> which the City of Tracy may accept such BID; and said Surety does hereby waive notice <br /> of any such extension. <br /> IN WITNESS WHEREOF, the Principal and the Surety have hereunto set their <br /> hands and seals, and such of them as are corporations have caused their corporate <br /> seals to be hereto affixed and these presents to be signed by their proper officers, this <br /> day and year first set forth. <br /> (L.S.) <br /> 'i (Principal) (Surety) <br /> By: <br /> IMPORTANT: Surety companies executing BONDS must be authorized to transact <br /> Surety insurance in the State of California. <br /> Lo <br /> DIVISION IV- 15 <br /> LW <br />