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Bond No_ Bid BOA <br />BID BOND <br />"Ibe American 7??:++.te orf Architects, <br />AIA Document No. A31 O (February, 1970 Edition) <br />KNOW ALL 1VIEN BY 'THESE PRESENTS, that we PALP Inc. dba Excel Paving Company <br />as Principal hereina8er called the Principal, sad Federal Insurance Company <br />a corporation duly org?izred under the laws ofthc state of Indiana as <br />Surety, hen;inatTer called the Surety, <br />are held and firmly bound u?o City of Santa Ana <br />aS Obligee, hereinafter Called the Obligee, ill the S111ri of Ten percent of the total amount of the bid <br />Dollars (S ? o% ), for the payment of which sum weII and truly to be made, the said Principe! and the <br />said Surety, bind ourselves, our heirs, executors, administrators, successors and assigns, loaitly and severally, firmly <br />by these presents. <br />WFIEREA$, the Pnncrpal has submitted a bid for Jerome Park Security Lighting, Parking Lot, AC Walkway and Fencing <br />_?(1 2-7527) <br />NOW, 'II?RF?ORE, if the Obligee stall aooep?t the bid of the Principal and the Principal shall eater into a Contrac.-t <br />with the Obligee in accordance with the terms of such bid, and give such bond or bonds as may be specified in the <br />bidding or ConRiact Documents wish good and sufficie? surety for the faithfiil performance of such Coattacx and for <br />the prompt payment of labor and material fiunishcd in the prosecution thereof, or in the event of the failure of the <br />Principal to ewer such Co?ract and give such bond or bands, if the Principal shall pay to the Obligee the diiTerence <br />not to exceed the penalty hereof between the amount specified in said bid and such larger amount for which the <br />Obligee may in good faith contract with another party in perform the Work covered by said bid, thm this obligation <br />shall be cull and void, otherwise to mmain in full force and e?ect_ <br />Signed and sealed this 29th day of May 2o'I z <br />PALP Inc. dba Excel Paving Company <br />Witness P??1 (Seal) <br />By: ???/e <br />. ? . ?'.f;;.:)'9M?x, i'.t+?Si '?? Namtlritle <br />Witness <br />Federal Insurance Company <br />/? ?y (Seal) <br />?? Dou s A. Rapp I ,gttomcy-iitFact <br />ORSC 21328 (3/9'7)