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2010-038 RES ACCEPTING BID AND AWARDING CONTRACT FOR THE TX CAPITAL FUND
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2010-038 RES ACCEPTING BID AND AWARDING CONTRACT FOR THE TX CAPITAL FUND
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Last modified
8/21/2012 12:11:18 PM
Creation date
3/16/2010 3:28:20 PM
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CITY CLERK
Doc Name
2010-038
Doc Type
Resolution
CITY CLERK - Date
3/8/2010
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BeD BoND <br />KNOW AI.L MEN BY THESE PRESENTS, that we the underslgned~tephens & sons concrete Coniractors, incgis <br />PRINCIPAL, and SureTec Insurance Comipanv , a5 SURETY are held and tirmiy <br />bound unlo City of Paris hereinafter called the "Owner", in the penal sum <br />of Five Percent of Greatest Amount Bid Dollars, 5°io ~AB 1auvFuf money of the <br />United States, far the payment of which sum well and truly to be made, we bind ourselves, our heirs, <br />ezecutors, administrators, successors, and assigns, jointly and severaliy, firrnly by th2se presents. <br />THE CONDITfON 0F THiS 08LiGATlpN 1S SUGH, that wherens the Principal has submitted the <br />Accompanying Bfd, daied March 2, 2010 , for Math and Science Classroom Addition to Hiqh School <br />NOW, THEREl=OR, if the Principat shali not withdraw said Bid within the period specified fherein after <br />the opening of ine same, or, if no period be specified, within thirty (30) days after the said opening, <br />and shatl wi4hin the periad specif,ed iherefor, or if no period be specified, within ten (10) days after the <br />prescriboc9 forms are presented to him for signature, enter into a written contract with the Owner in <br />accordance with the Bid as accepted, and, give bond wiin good and sufficient surety or sureties, as <br />may be requlred,- for the faithful performance and proper fulfrllmant af such contract; or in the even4 of <br />the withdrawal of said Bid within the period specified, or the fai(ure to entEr inte such Contract and <br />give such bond wilhin the time specifred, if the Principal shall pay the Owner the difference between <br />the amount specified in said Bid and the amount fer which the local Public Agency rnay procure the <br />required vfevrk or supplies or both, if the latter be in excess of the former, then the.abovE obligation <br />shaH be void and of no effect, vtherwise to remain in fult farce and virtue. <br />Ilv WITNESS THEREOF. the above-bounded parties have executed this instrument under their <br />several seats this 2nd day of March 2010 , the name and corporaie seal of <br />each corpafate party being hereto affixed and these presenf signed by its undersigned representative, <br />pursuant io authority of its goveming body. <br />Attest: <br />Attest: <br />Attest; <br />Countersig ned <br />~ <br />{SEAL.) <br />~ (SLJ'1L) <br />4~AWi Y. <br />Corparate <br />Seal <br />By: <br />affix <br />Corporate <br />Sea! <br />Sy: <br />` Attorney-in-i-?ut, State of <br />
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