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Tttri, CINCINNATI INSURANCE COMPANY <br />CINCINNATI,0111tw <br />KNOW ALL MEN BY THESE PRESENTS, thatwe J. Ranck Electric, Inc. <br />as Principal„ hereinafter called the Principal, and THE CINCINNATI INSURANCE COMPANY, a corporation duly <br />organized, under the laws of the State of Ohio„ as Surety, hereinafter called the Surety, are held and firmly bound unto <br />City of South Bend <br />as Obligee, hereinafter called the Obligee, in the sum of Five Percent of Bid <br />Dollars ($ 5% of Bid ), <br />for the payment of which sum well and truly to be made, the said Principal and the said Surety, bind ourselves, our heirs, executors, <br />administrators, successors and assigns, jointly and severally, firmly by these presents. <br />WHEREAS, the Principal has submitted a bid for <br />South Bend Wastewater Treatment Electrical Improvements <br />NOW, THEREFORE, if the Obligee shall accept the bid of the Principal and the Principal shall enter into a Contract with the <br />Obligee in accordance with the terms of such bid, and give such bond or bonds as may be specified in the bidding or Contract <br />Documents with good and sufficient surety for the faithful performance of such Contract and for the prompt payment of labor and <br />material furnished in the prosecution thereof, or in the event of the failure of the Principal to enter such Contract and give such <br />bond or bonds, if the Principal shall pay to the Obligee the difference not to exceed the penalty hereof between the amount specified <br />in said bid and such larger amount for which the Obligee may in good faith contract with another party to perform the work covered <br />by said bid, then this obligation shall be null and void, otherwise to remain in full force and effect. <br />Signed and sealed this 14th day of November, 2018. <br />(Wr ess) <br />Amanda Schulte (Witness) <br />J. Ranck Electric, Inc. <br />(Principal) (Seal) <br />,J lie "V. Smith t a rt�e <br />Management <br />', Director <br />C INC INNATI INSURANCE COMPANY <br />(Surety) (Seal) <br />as <br />Sue Gillett ttum y-in Fact <br />Printed in cooperation with the American Institute of Architects (AIA), by The Cincinnati Insurance Company whc, vouches that <br />the language in this document conforms exactly to the language used in AIA Document A310, February 1970 ED. <br />S- 000-AI (4k)9) t'ttT 11C <br />