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1980-09-24 Regular Meeting
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1980-09-24 Regular Meeting
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City Meetings
Meeting Body
City Council
Meeting Doc Type
Minutes
Date
9/24/1980
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COMMERCIAL UNION INSURANCE COMPANY <br />(Name of Insurance Company) <br />BID BOND <br />The American Institute of Architects, <br />A.I.A. Document No. A-310 February, 1970 Edition <br />KNOW ALL MEN BY THESE PRESENTS, <br />That we, .IESS IOVELACE CONSTRUCTION COMPANY <br />Bond No. <br />r ' , <br />as Principal, hereinafter called the Principal, and <br />COMMERCIAL UNION INSURANCE COMPANY <br />a corporation duly organized under the laws of the State of Massachusetts, with its Home Office in the City of <br />Boston, in the said State, as Surety, hereinafter called the Surety, are held and firmly bound unto <br />CITY OF LA PORTE <br />as Obligee, hereinafter called the Obligee, <br />in the sum of FIVE PERCENT OF THE GREATEST AMOUNT RIDDollars ($ 5%GAB )� _ <br />for the payment of which sum well and truly to be made, the said Principal and the said Surety, bind ourselves, our <br />heirs, executors, administrators, successors and assigns, jointly and severally, firmly by these presents. <br />WHEREAS, the Principal has submitted a bid for <br />21240' /OE 6"&12" ACP AND ALL APPURTENANCES <br />NOW, THEREFORE, if the Obligee shall accept the bid of the Principal and the Principal shall enter into a <br />Contract with the Obligee in accordance with the terms of such bid, and give such bond or bonds as may be speci- <br />fied in the bidding or Contract Documents with good and sufficient surety for the faithful performance of such Con- <br />tract and for the prompt payment of labor and material furnished in the prosecution thereof, or in the event of the <br />failure of the Principal to enter such Contractand give such bond or bonds, if the Principal shall pay to the Obligee <br />the difference not to exceed the penalty hereof between the amount specified in said bid and such larger amount for <br />which the Obligee may in good faith contract with another party to perform the Work covered by said bid, then this <br />obligation shall be null and void, otherwise to remain in full force and effect. <br />Signedand sealed this <br />3 <br />day of SEPTEMBER A,D, I9 80 <br />I J E S <br />(Witness) <br />l <br />\� M <br />Li�vt!„� BY <br />(Witness) Sy 1 V <br />OVELAU CONSTRUCTION COMPANY (SEA <br />4,4 q�J (Prin al) <br />(Title) <br />CIAL UNION INSURANCE COMPANY <br />(Surety) <br />Cari ker Attorney in fact <br />G6 `510-1 Commercial Union Assurance Companies <br />VS1111 <br />Pg. 6G <br />
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