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FORM OF BID BOND <br /> KNOW ALL MEN BY THESE PRESENTS THAT <br /> J.M.Thompson Company as <br /> principal, and Fidelity and Deposit Company of Maryland , as surety, who is <br /> duly licensed to act as surety in North Carolina, are held and firmly bound unto <br /> Lee County as obligee, <br /> in the penal sum of Five Percent of Amount Bid 5% DOLLARS, lawful money of <br /> the United States of America, for the payment of which, well and truly to be made, we bind <br /> ourselves, our heirs, executors, administrators, successors and assigns, jointly and <br /> severally, firmly by these presents. <br /> Signed, sealed and dated this 22nd day of September , 2020 <br /> WHEREAS, the said principal is herewith submitting proposal for <br /> Lee County-Parks Master Plan 4837-02-21 Renovations to Temple,Horton, Kiwanis Childrens and O.T.Sloan Parks <br /> and the principal desires to file this bid bond in lieu of making the cash deposit as required <br /> by G.S. 143-129. <br /> NOW, THEREFORE, THE CONDITION OF THE ABOVE OBLIGATION is such, that <br /> if the principal shall be awarded the contract for which the bid is submitted and shall <br /> execute the contract and give bond for the faithful performance thereof within ten days after <br /> the award of same to the principal, then this obligation shall be null and void; but if the <br /> principal fails to so execute such contract and give performance bond as required by G.S. <br /> 143-129, the surety shall, upon demand, forthwith pay to the obligee the amount set forth in <br /> the first paragraph hereof. Provided further, that the bid may be withdrawn as provided by <br /> G.S. 143-129.1 <br /> J.M.Thompson Company ,(SEAL) <br /> BY co• . <br /> C . (SEAL) <br /> (SEAL) Dtro,rrr <br /> 1 ' r <br /> l I <br /> Fidelity and Deposit Company of Maryland (SEAL) ;, s <br /> it <br /> n , ' o� 2890 <br /> By: <br /> ��C� ,2 <br /> l ( { (h .(SEAL) ..,wD <br /> Debra S. Ritter ,Atto ey-in-Fact <br /> FORM OF BID BOND <br />