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Res 1980-073
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Res 1980-073
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Last modified
3/10/2008 10:39:13 AM
Creation date
8/21/2006 10:22:10 AM
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City Clerk
City Clerk - Document
Resolutions
City Clerk - Type
Contract
Number
1980-73
Date
9/22/1980
Volume Book
54
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<br />I <br /> <br />I <br /> <br />PERFORMANCE BOND <br /> <br />STATE OF TEXAS <br /> <br />COUNTY OF Hays <br />KNOW ALL MEN BY THESE PRESENTS: That <br /> <br />Waterloo Electric, Inc. <br /> <br />, of the City of <br /> <br />Aus ti n <br /> <br />County of <br /> <br />Tra vi s <br /> <br />, and State of <br /> <br />Texas <br /> <br />as PRINCIPAL, and <br /> <br />NATiONAL BO.WING & ACCIDENT INSURANCE CO. <br /> <br />, as SURETY, <br /> <br />authorized under the laws of the State of Texas to act as surety on bonds <br />for principals, are held and firmly bound unto the <br /> <br />City of San Marcos <br />Thousand Seven Hundred Eleven <br /> <br />, as OWNER, in the penal sum of Thi rtv Four <br /> <br />Dollars ($ 34,711 <br /> <br />for the payment whereof, the said Principal and Surety bind themselves and <br />their heirs, administrators, executors, successors and assigns, jointly <br />and severally, by these presents: <br /> <br />WHEREAS, the Principal has entered into a certain written contract <br />with the OWNER, dated the day of , 19~, for the con- <br />struction of <br /> <br />Main Lift Station Improvements <br /> <br />which contract is hereby referred to and made a part hereof as fully and to <br />the same extent as if copied at length herein. <br /> <br />NOW, THEREFORE, the condition of this obligation is such, that if <br />the said Principal shall faithfully perform said Contract and shall in all <br />respects duly and faithfully observe and perform all and singular the cove- <br />nants, conditions and agreements in and by said contract agreed and cove- <br />nanted by the Principal to be observed and performed, and according to the <br />true intent and meaning of said Contract and the Plans and Specifications <br />hereto annexed, then this obligation shall be void: otherwise to remain <br />in full force and effect; <br /> <br />PROVIDED, HOWEVER; that this bond is executed pursuant to the <br />provisions of Article 5160 of the Revised Civil Statutes of Texas as amended <br /> <br />3 <br /> <br />10- 11:)-71 <br />
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