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No. 1282 <br />TRAVELERS CASUALTY AND SURETY COMPANY OF AMERICA <br />Hartford, Connecticut 06183 <br />KNOW ALL MEN BY THESE PRESENTS, <br />That we, RIETH-BILEY QQNSTRUCIlObi QQ.. INC. as Principal, hereinafter called <br />the Principal, and TRAVELERS CASUALTY AND SURETY COMPANY OF AMERICA, of Hartford, Connecticut, a <br />corporation duly organized under the laws of the State of Connecticut, as Surety, hereinafter called the Surety, are held <br />and firmly bound unto City of South Bend, Indiana <br />as Obligee, hereinafter called the Obligee, in the sum of <br />Five Percent (50) of total bid Dollars <br />5% of bid ), 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 these <br />presents. <br />WHEREAS, the Principal has submitted a bid for 2021 Asphalt Materials <br />Project No. 121-026 <br />NOW, THEREFORE, if the Obligee shall accept the bid of the Principal and the Principal shall enter into a Contract with <br />the Obligee in accordance with the terms of such bid, and give such bond or bonds as may be specified in the bidding or <br />Contract Documents with good and sufficient surety for the faithful performance of such, or in the event of the failure of <br />the 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 Obligee <br />may in good faith contract with another party to perform the Work covered by said bid, then this obligation shall be null <br />and void, otherwise to remain in full force and effect. <br />Signed and sealed this 13th day of April <br />2021 <br />RIETH-RIL CTION CO., INC. <br />Witness Deen E. Armstr(Ag (Principal} (Sea[) <br />T <br />J. 0-'Agi%king, Regional VP Northern <br />Indiana <br />TRAVELERS CASUALTY AND SURETY COMPANY OF AMERICA <br />Witnirs C Christopher T. Moser <br />Sandra M. Nowak, Attorney -in -Fact <br />