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<br /> <br />BID BOND <br /> <br />KNOW ALL MEN BY THESE PRESENTS, that we L & M Contractors. Inc. as principal, hereinafter called the <br />Principal, and SURETEC INSURANCE COMPANY, 5000 Plaza on the Lake, Suite 290, Austin, TX 78746, as <br />Surety, hereinafter called the Surety, are held and firmly bound unto City of LaPorte as Obligee, hereinafter called <br />the Obligee, in the sum of Five Percent (5%) of Amount Bid---- (5% A.B.---) for the payment of which sum well and <br />truly to be made, the said Principal and the said Surety, bind ourselves, our heirs, executors, administrators, <br />successors and assigns, jointly and severally, firmly by these presents. <br /> <br />WHEREAS, the principal has submitted a bid for 50 x 150 Metal BuildinQ. End Walls Only. No Slab. Only Drilled <br />Piers. Bid #04019. <br /> <br />NOW, THEREFORE, if the contract be timely awarded to the Principal and the Principal shall within such time as <br />specified in the bid, enter into a contract in writing or, in the event of the failure of the Principal to enter into such <br />Contract, if the Principal shall pay to the Obligee the difference not to exceed the penalty hereof between the <br />amount specified in said bid and such larger amount for which the Obligee may in good faith contract with another <br />party to perform the work covered by said bid, then this obligation shall be null and void, otherwise to remain in full <br />force and effect. <br /> <br />PROVIDED, HOWEVER, neither Principal nor Surety shall be bound hereunder unless Obligee prior to execution <br />of the final contract shall furnish evidence of financing in a manner and form acceptable to Principal and Surety thai <br />financing has been firmly committed to cover the entire cost of the project. <br /> <br />SIGNED, sealed and dated this 22nd day of March, 2004. <br /> <br />L & M Contractors. Inc. <br />(Principal) <br /> <br /> <br />HOUSTOUN,WOODARD,EASON,GENTLE9 <br />rOMFORDE, AND ANDERSON, INC. <br /><ibs ImjlmlrW'F},<\!!iance <br />\ 716 'forktt'wn, Suite 200 <br />}iouston, Tex:as 71056.4114 <br />TDI Lil;l!:nse #1381 FEIN #760362043 <br />