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FORM OF BID BOND <br /> <br /> <br /> KNOW ALL MEN BY THESE PRESENTS THAT ________________ <br />__________________________________________________________________ as <br />principal, and _______________________________________________, as surety, who <br />is duly licensed to act as surety in North Carolina, are held and firmly bound unto Orange <br />County as obligee, in the penal sum of ___________________________ DOLLARS, <br />lawful money of the United States of America, for the payment of which, well and truly to be <br />made, we bind ourselves, our heirs, executors, administrators, successors and assigns, <br />jointly and severally, firmly by these presents. <br /> Signed, sealed and dated this day of 20 <br /> WHEREAS, the said principal is herewith submitting proposal for <br />and the principal desires to file this bid bond in lieu of making <br />the cash deposit as required by G.S. 143-129. <br /> <br /> NOW, THEREFORE, THE CONDITION OF THE ABOVE OBLIGATION is such, that <br />if the principal shall be awarded th e contract for which the bid is submitted and shall <br />execute the contract and give bond for the faithful performance thereof within ten days <br />after the award of same to the principal, then this obligation shall be null and void; but if the <br />principal fails to so execute such contract and give performance bond as required by G.S. <br />143-129, the surety shall, upon demand, forthwith pay to the obligee the amount set forth <br />in the first paragraph hereof. Provided further, that the bid may be withdrawn as provided <br />by G.S. 143-129.1 <br /> <br /> <br /> (SEAL) <br /> <br /> (SEAL) <br /> <br /> (SEAL) <br /> <br /> (SEAL) <br /> <br /> (SEAL) <br /> <br /> <br /> <br />DocuSign Envelope ID: BBF56E0A-3618-497E-AA70-92F097E8F598