AG 2001 10 22 - Laserfiche WebLink

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Iillrlletlolal Fidelity One New.rk Center Newark, New Jersey 07202 (97~) 624.-7200 KNOW ALL ]VJ~ BY THESE PRESENTS, that we (~. W. Liles Construction Company, Inc. ~-/~": P.O. Box 466 Concord NC 28026 as Prin¢ipa and INTERNATIONAL FIDELITY INSURANCE COMPANY , a corporation organized under the laws of thc State of NEW J'E,R~EY n. Surety, who is duly licensed to act as Surety in North Carolina, are held and firmly bound unto the State of North Carolina through Cabarrus County Parks & Recreation as Obligce, in the pen~l ~un of Five Percent of The Amount Bid ( 5 % ) DOLLARS, lawful money of the United States'of America, for the payment of which, well and traly to be made, we bind ourselves, om' heirs, executors, administrators, successors and assi~n.% jointly nnd severally, firmly by these presents. SIGN'~D, sealed, and dated this 8 day of October, 2001 WI[I~R~AS, the said Principal is hcrcwith submitting proposal for Stonewall Jackson Soccer Project, Multi-Purpose Building auld the ptiocipa~ d~i~es to fi~c thi, Bid Bond in lieu of making the cash deposit as requizcd by G.S. 143-129. NOW~ TI~.REIi'ORR, ~ CON'I:)ITION OF TI~ ABOVE OBLIGATION is such, that if the priacipal shall be awarded v, qthmthe contract for which th.~bid~ is submitted and shall execute the contract and g~ve' bond for thc faithful performance thereof ' ' ' ten days tO. er thc award of same to the Principal, then this obligation shall be null and void; but if the principal fails to execute such contract and give performance bond as required by G.S. 143-129, the Suzety shall, upon demand, forthwith pay to the Obligee thc amount set forth in the first paza~aph hereof. Provided fur~er, that the bid may be withdrawn as provided by G.S. 143-129.1. G. W. Liles Construction Company, Inc.