261-25 Cerbo Submission.pdf

CONSENT OF SURETY \ \y In consideration of the premises and of one Dollar ($1.00), lawful money of the United States, it is in hand paid by the CONTRACTOR, the receipt whereof is hereby acknowledged, the undersigned surety consents and agrees that if the Contract, for which the proceeding estimate and Proposal is made, be awarded to the person or persons submitting the same as contracted, it will become bound as surety and guarantor for its faithful performance, in an amount equal to one hundred (100%) percent of the contract price, and will execute it as party of the third part thereto when required to do so by the OWNER, and if the said CONTRACTOR shail omit or refuse to execute such Contract, if so awarded, it will pay without proof of notice and on demand fo the OWNER any increase between the sum fo which the said CONTRACTOR would have been entitled upon the completion of the said contract and the sum which the said OWNER may 4e-obligated to pay to another contractor to whom the contract may be afterwards awarded, the WoUnt in such case to be determined by the bids plus the cost, if any, of re-advertising for bids it this work, less the amount of any certified check or bid bond payable and received. iff witness whereof, said surety has caused these presents to be signed and attested by a duly | __________ authorized officer and its corporate seal t be -hereto-affixed thi: 7 | | day of , 20. (A corporate acknowledgement and statement of authority to be here attached by the surety company.) {Surety Company) BY. (Surety Company Attorney-in-Fact) Attest: (Surety may substitute a similar statement subject to the OWNER’S approval.) CETIE VE Cheuk epiosal, —= §3