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CC PACKET 09262017
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CC PACKET 09262017
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9/27/2017 9:42:03 AM
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Bond No .1 00 88717287 <br />REVISED 130' <br />FRANCHISE llOND <br />KNOW ALL MEN BY THESE PRESENTS,That we, C omca st o f M inne sota,Inc., as Principal <br />and Travel er s Casualty nnd Surety COIl1J)nny of Am erica ,a corporation of the State of <br />Connecticut,as Surety are held and firmly bound unto the Cities of Anlcn Hills,Falcon <br />Heights,Lauderdale,Little Canada,Mounds View,New ll.-ightcn,North Oaks,Roseville, <br />St.Anthony and Shoreview,Minnesota as Obligee in the sunt~f Five Hundrcd Thollsand <br />Dollars and 001l00 ($500,00 0.00)lawful money of the United States of America,to be paid unto <br />said Obligee,its successors and assigns,jointly and severally,firmly by these presents. <br />WHEREAS,the Principal has entered into written agreements dated _See Attacked Schedule <br />"A"_ with the Obligees which grants a franchise to the Principal use its public streets and <br />places to transmit and distribute electrical impulses through an open line-coaxial antenna system <br />located therein .Principal has agreed to faithfully perform and observe and fulfill all terms and <br />conditions of said Franchise Agreements referred to above and said agreements is hereby made a <br />part of this bond with like force and effect as ifherein set forth in length. <br />NOW,THEREFORE,THE CONDITION OF THIS OBLIGATION IS SUCH,That if the <br />above named Principal,its successors or assigns,does and shall well and truly observe,perform <br />and fulfill its obligations as set forth in the above mentioned Franchise agreements,for which a <br />bond must be posted,then the above obligation to be void;o therwise to remain in full force and <br />effect. <br />The bond is subject,however to the following express c onditions: <br />FIRST:That in event of a default on the part of the Princip al its successors or assigns,a written <br />statement of such default with full det ails thereof shall be gi ven to Surety by obligee or its lawful <br />delegatee promptl y,and in any event,within 60 day s after the Obligees shall learn of such <br />default,such notice to be d elivered to Surety 215 Shum an Blvd.,Naperville,II.60563-8458 by <br />registered mail. <br />SECOND:That no claim,suit or action under this bond b y rea son of any such default shall be <br />brought against Surety unless asserted or commenced with 12 months after the effective date of <br />any termination or cancellation of this bond. <br />THIRD:That this bond may be terminated or cancelled by surety by 60 days prior notice in <br />writing to Principal and to Obligees,such not ice to be given by registered mail.Such termination <br />or cancellation shall n ot affect any liability incurred o r accrued under this bond prior to the <br />effective date of such termin ation or cancellation.The liability of the Surety shall be limited to <br />the amount set forth above and is not cumulative, <br />FOURTH:That no right of action shall accrue under this bond to or for the use of any person <br />other than the Obligees,and it successors and assigns. <br />IN WITNESS WHEREOF,the principal and Surety have s igned and sealed this instrument this <br />28h day of May 2003. <br />Travelers Casualty and Surety Company of America <br />A~ <br />De bra Kohlman,Attorney-In-Fact <br />**t he ma ximum pena l s um of F ive Hundred Thous a nd Dol l ar s <br />Exhibit F 109
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