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BID BOND <br />BOND NUMBER <br />KNOW ALL MEN BY THESE PRESENTS; <br />THAT <br />5 <br />of , as Principal, and <br />as Surety, are held and firmly bound unto THE CITY OF <br />PARIS, TEXAS, as Obligee, in the full and just sum of <br />_ Dollars, <br />lawful money of the United States, for the payment of which sum, well and truly to be made, we <br />bind ourselves, our heirs, executors, administrators, successors, and assigns, jointly and severally, <br />firmly by these presents. <br />WHEREAS, the said Principal is herewith submitting its proposal for the demolition and <br />disposal of various structures at the Casa Bonita Apartment Complex. <br />THE CONDITION OF THIS OBLIGATION is such that if the aforesaid Principal shall be <br />awarded the Contract, the said Principal will, within the time required, enter into a formal Contract <br />and give a good and sufficient Bond to secure the performance of the terms and conditions of the <br />Contract, then this obligation to be void; otherwise the Principal and Surety will pay unto the <br />Obligee the difference in money between the amount of the Bid of the said Principal and the <br />amount for which the Obligee legally contracts with another party to perform the work if the latter <br />amount be in excess of the former, but in no event shall liability hereunder exceed the penal sum <br />hereof. <br />Signed, sealed and delivered <br />(date) <br />(seal) <br />(seal) <br />SURETY <br />Attorney-in-fact <br />8 <br />. 000117 <br />