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BID BOND TRAVELERS CASUALTY AND SURETY COMPANY OF AMERICA <br />Hartford, Connecticut 06183 <br />KNOW ALL MEN BY THESE PRESENTS, that we MacAllister Machinery Co. <br />as Principal, hereinafter called the Principal, and Travelers Casualty and Surety Company of America <br />a corporation duly organized under the laws of the State of Connecticut as Surety, hereinafter called the Surety, <br />are held and firmly bound unto City of South Bend <br />as Obligee, hereinafter called the Obligee, in the sum of Ten Percent 10% of the Amount Bid <br />Dollars ($ 10% ), for the payment of which sum well and truly to be made, the said Principal and the said <br />Surety, bind ourselves, our heirs, executors, administrators, successors and assigns, jointly and severally, firmly by <br />these presents. <br />WHEREAS, the Principal has submitted a bid for One 1 65E Motor Grader <br />NOW, THEREFORE, if the Obligee shall accept the bid of the Principal and the Principal shall enter into a Contract <br />with the Obligee in accordance with the terms of such bid, and give such bond or bonds as may be specified in the <br />bidding or Contract Documents with good and sufficient surety for the faithful performance of such Contract and for <br />the prompt payment of labor and material furnished in the prosecution thereof, or in the event of the failure of the <br />Principal to enter such Contract and give such bond or bonds, if the Principal shall pay to the Obligee the difference <br />not to exceed the penalty hereof between the amount specified in said bid and such larger amount for which the <br />Obligee may in good faith contract with another party to perform the Work covered by said bid, then this obligation <br />shall be null and void, otherwise to remain in full force and effect. <br />Signed and sealed this 26th day of November , 2019 <br />(Witness) <br />(Witness) <br />Tina Foster <br />MacAllister Machinery Co. <br />(Princi !) <br />By: <br />(Title) <br />Travelers C <br />(Surety) <br />p+oaurnraP By. <br />CONN, <br />nd S Company of America <br />e mow. <br />i <br />�r <br />(Title) Attorney -in -Fact <br />The Company executing this bond vouches that this document conforms to American Institute of Architects Document A310, <br />February 1970 Edition <br />