5-10-78 Meeting Attachment - Laserfiche WebLink

Home Browse Search

F /1 PERFORL':AI�CE Al" D PAYi1:ENT -BOIND Contract No. 79-1 PERFOR14:ANCE AND PAYi1:ENT B014D KNO14 ALL I►° Eiv BY THESE PRESEiN'TS t that we, as PRINCIPAL, and as SURETY, are held firmly LITTLE CANADA, MINNESOTA, hereinafter called the of the payment of which sum we bind administrators, and successors, presents. DOLLARS ($_ bound unto the CITY OF City in the penal sum ) , for ourselves, our heirs, executors, jointly and severally, firmly be these WHEREAS the Principal has entered into Contract No. with the City (Contract i4ame s ) , which Contract has been duly executed by each of the Contracting Parties and is dated , 19 , and is made a nart hereof, :OW, THEREFORE, the condition of this obligation is such that if the Principal shall in all respects fully perform the Contract and all duly authorized modifications thereof, during its original term and any extensions thereof that may be granted and during any guaranty period for which the Contract provides, and if the Principal shall fully satisfy all claims arising out of the prosecution of the work under the Contract and shall fully indemnify the City for all expenses which it may incur by reason of such claims, including its attorney's fees and court cost, and if the Principal shall make full payment to all persons supplying labor, services, materials or equipment in the ,,prosecution of the work under the Contract, in default of which such Dersons shall have a direct right of action hereupon, then this ob- ligation shall be void; otherwise it shall remain in full force and effect. No modification of the Contract or extension of the term thereof, not any forbearance on the part of the City, shall in any way release the Principal or the Surety from liability hereunder. Notice to the Surety of any such modification, extension, or forbearance is hereby waived. Sealed with our seals and dated this day of , A. D. 19 . Executed in presence of: COli:tTERSICi�ED DY Attorney -in -Fact, State of ~(Individual or Corporate Principal) (Pusiness Address By By ,;�y Corporate Surety Business Address) (SEAL) (SEAL) (Power -of -Attorney of person signing for Surety Company must be attached.)