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BID BOND <br /> KNOW ALL MEN BY THESE PRESENTS,that we,the undersigned, <br /> .as Principal,and Surety,are hereby held and firmly bound unto ORANGE COUNTY as OWNER in the penal sum <br /> of <br /> for the payment which,well and truly to be made,we hereby jointly and severally bind ourselves,successors and <br /> assigns. <br /> Signed this day of ,20— <br /> The Condition of the above obligations is such that whereas the Principal has submitted to ORANGE COUNTY a <br /> certain BID,attached hereto and hereby made a part hereof to enter into a contract in writing for the <br /> NOW THEREFORE, <br /> If said BID shall be rejected,or <br /> If said BID shall be accepted and the Principal shall execute and deliver a contract in the form of Contract attached <br /> hereto(properly completed in accordance with said BID)and shall furnish a BOND for his faithful performance of <br /> said contract,and for the payment of all persons performing labor or furnishing materials in connection therewith, <br /> and shall in all other respects perform the agreement created by the acceptance of said BID, <br /> then this obligation shall be void,otherwise the same shall remain in force and effect-,it being expressly understood <br /> and agreed that the liability of the Surety for any and all claims hereunder shall,in no event,exceed the penal <br /> amount of this obligation as herein stated. <br /> The Surety,for value received,hereby stipulates and agrees that the obligations of said Surety and its BOND shall <br /> be in no way impaired or affected by any extension of the time within which the OWNER may accept such BID;and <br /> §aid Surety does hereby waive notice of any such extension. <br /> IN WITNESS WHEREOF,the Principal and the Surety have hereunto set their hands and seals,and such of them as <br /> are corporations have caused their corporate seals to be affixed hereto and these presents to be signed by their proper <br /> officers,the day and year set forth above. <br /> L.S. <br /> Principal <br /> Surety <br /> By. <br /> IMPORTANT: Surety companies executing BONDS must appear on the Treasury Department's most current list <br /> (Circular 570 as amended)and be authorized to transact business in the State of North Carolina. <br /> 116 <br />