BID BOND

Ends 2019-07-23 02:00:00 AM

BID BOND 

                KNOW ALL MEN BY THESE PRESENTS, that we, the undersigned _____________ ______________________________________________________________________________

 as Principal and firmly bound unto the cities of Texarkana, Texas and Texarkana, Arkansas as Owner in the sum of $______________________ as the proper measure of liquidated damages for the payment of which, well and truly to be made, we hereby jointly and severally bind ourselves, our heirs, executors, administrators, successors and assigns.

 Signed, this ___________day of ___________________, 2019.

The condition of the above obligation is such that whereas the Principal has submitted to ____________________________ a certain Bid, attached hereto and hereby made a part hereof to enter into a Contract in writing, for the furnishing and delivery of   (Check all that apply.)

 ITEM I:               Sodium Chlorite (per pound)

ITEM II:              Sulphur Dioxide (per ton)

ITEM III:              Powder Activated Carbon (per ton)

ITEM IV:               HTH (100# Containers)

ITEM V:                Caustic Soda (Bulk) Liquid Weight

ITEM VI:               Liquid Chlorine (per pound)

ITEM VII:             Aluminum Sulfate (per dry ton)

ITEM VIII:           Ortho-Polyphosphate (per gallon)

ITEM IX:              Anhydrous Ammonia (per pound)

ITEM X:              Liquid Polymer (per gallon) Water Treatment Plant

                NOW, THEREFORE,

                                a.             If said Bid shall be rejected, or in the alternate,

                                b.             If said Bid shall be accepted and the Principal shall execute and deliver a Contract in the form of Contract attached hereto (properly completed in accordance with said Bid) and shall furnish a bond for his faithful performance of said Contract, and for the payment of all persons performing labor or furnishing materials in connection therewith, and shall in all other respects perform the agreement created by the acceptance of said Bid,                                                                                             then this obligation shall be void; otherwise the same shall remain in force and effect; it being expressly understood and agreed that the liability of the Surety for any breach of condition hereunder shall be in the face amount of this bond and forfeited as a proper measure of liquidated damages.

                 The Surety, for value received, hereby stipulates and agrees that the obligations of said Surety and its bond shall be in no way impaired or affected by an extension of the time within which the Owner may accept such Bid; and said Surety does hereby waive notice of any such extension.

                 IN WITNESS WHEREOF, the Principal and the Surety have hereunto set their hands and seals, and such of them as are corporations have caused their corporate seals to be hereto affixed and these presents to be signed by their proper officers, the day and year first set forth above.

 ___________________________________(L.S)

Principal

 ___________________________________

Surety

By: ________________________________SEAL:

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