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0, <br />BID BOND International Fidelity Insurance Company <br />One Newark Center Newark, NJ 07102-5207 <br />KNOWN ALL BY THESE PRESENTS, That we, Shannon Chemical f".or tration , <br />as Principal, and International Fidelity insurance comp an , as Surety, are <br />held and firmly bound unto City ofS nth Bend r as <br />Obligee, in the sum of ten percent of the total amount bid and all add alternates <br />Dollars ( 10% ) for the payment of which we bind ourselves, and our <br />successors and assigns, jointly and severally, as provided herein. <br />WHEREAS, Principal has submitted or is about to submit a bid to the Obligee on a <br />contract for Water Tre_ <br />("Project"), <br />NOW, THEREFORE, the condition of this bond is that if Obligee accepts Principal's bid, <br />and Principal enters into a contract with Obligee in conformance with the terms of the <br />bid and provides such bond or bonds as may be specified in the bidding or contract <br />documents, then this obligation shall be void; otherwise Principal and Surety will pay to <br />Obligee the difference between the amount of Principal's bid and the amount for which <br />Obligee shall in good faith contract with another person or entity to perform the work <br />covered by Principal's bid, but in no event shall Surety's and Principal's liability exceed <br />the penal sum of this bond. <br />Signed this 23rd day of ADril , 2019 <br />Shannon Chemical Corporation <br />(Principal) <br />By: <br />InternationalNJefilyInsuranceCompany <br />ABy: " <br />Morgan S. Ellis , Attorney -in -Fact <br />