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2060 RES CITY COUNCIL AT REGULAR MEETING ON 8TH DAY OF SEPTEMBER 1980 APROVED ADVERTISEMENT FOR BIDS
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2060 RES CITY COUNCIL AT REGULAR MEETING ON 8TH DAY OF SEPTEMBER 1980 APROVED ADVERTISEMENT FOR BIDS
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CITY CLERK
CITY CLERK - Date
10/13/1980
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PAYMENT BOND <br />STATE OF TEXAS <br />COUNTY OF <br />KNOW ALL MEN BY THESE PRESENTS : Tha <br />_ of the City of 9 <br />County of , and State of ~ a8 <br />principal, and <br />authorized under the laws of the State of Texas to act as surety on bonds for principals, are held <br />and firmly bound unto (Owner), <br />in the penal sum of _ Dollars ) <br />for the payment whereof, the said Principal and Surety bind themselves and their heirs, adminis- <br />trators, executors, successors and assigns, jointly and severally, by these presents : <br />WHEREAS, the Principal has entered into a certain written contract with the Owner, <br />dated the_ _day of , 19 , to <br />which contract is hereby referred to and made a part hereof as fully and to the same extent as <br />if copied at length herein. <br />NOW, THEREFORE, THE CONDITION OF THIS OBLIGATION IS SUCH, that if the <br />said Princi.pal shall pay all claimants supplying labor and material to him or a subcontractor <br />in the prosecution of the work provided for in said contract, then, this obligation shall be void; <br />otherwise to remain in full force and effect ; <br />PROVIDED, HOWEVER, that this bond is executed pursuant to the provisions of Article 5160 of <br />the Revised Civil Statutes of Texas as amended and all liabilities on this bond shall be determined in <br />accordance with the provisions of said Article to the same extent as if it were copied at length herein. <br />Surety, for value received, stipulates and agrees that no change, extension of time, alteration <br />or addition to the terma of the contract, or to the work performed thereunder, or the plans, <br />specifications or drawings accompanyirig tk±e same, shall in anywise affect its obligation on this <br />PB-3 Q) by Texu 3ecUon, ASCE 1971 <br />
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