Form 5450-22
(November 2011)
CASH BID BOND
UNITED STATES
DEPARTMENT OF THE INTERIOR
BUREAU OF LAND MANAGEMENT
Sale Number
Bid Date
I WeKNOW ALL MEN BY THESE PRESENTS, That
of
, State of
doing business as an individual partnership corporation organized and existing under the laws of the State
of as Principal, is held and firmly bound unto the United States of America in the penal sum
of dollars ($ ),
lawful money of the United States, for the payment of which, well and truly to be made. I bind myself, my heirs, executors,
administrators, successors and assigns, jointly and severally, as a further guarantee of which a cash deposit or assured payment
has been made with the Bureau of Land Management at
in the form of
a in the amount of $ .
A
shall not be negotiated unless the principal fails to enter into a written contract with
the Government in accordance with the bid and terms and conditions of the notice of the above sale.
THAT, The said Principal does hereby constitute and
appoint the Secretary of the Interior as his attorney, to transfer
and apply the said deposit, as security for the faithful performance
of the above condition, and it is agreed that, in case of any
default in the performance of this condition, the said attorney
shall have full power to assign, appropriate, transfer, and apply
said deposit without notice, as liquidated damages.
The said Principal hereby ratifies and confirms whatever his
said attorney shall do by viture of these presents.
If the said Principal shall within the period specified in the
notification of award enter into a written contract with the
Government, in accordance with the bid and the terms and
conditions of the notice of sale, then and in that event the above
obligation shall be null and void and the deposit shall be
released and returned to the Principal. Otherwise, said obligation
shall remain in full force and effect.
(Continued on page 2)
