Orange County NC Website
Bond No. 105753242 <br /> FORM OF PERFORMANCE BOND <br /> Date of Contract: August 21, 2012 <br /> Date of Execution: August 21, 2012 <br /> Name of Principal <br /> (Contractor) W.L. Bishop Construction Co. _ <br /> Travelers Casualty and Surety Company of America <br /> Name of Surety: Hartford, <br /> Name of Contracting <br /> Body: Orange County <br /> Amount of Bond: Eight Hundred Eighty Seven Thousand Ninety Two Dollars and 00/100 $887,092.00 <br /> Project Walnut Grove Church Road Convenience Center Expansion FY11-12 <br /> KNOW ALL MEN BY THESE PRESENTS, that we, the principal and surety above <br /> named, are held and finely bound unto the above named contracting body, hereinafter <br /> called the contracting body, in the penal sum of the amount stated above for the payment <br /> of which sum well and truly to be made, we bind, ourselves, our heirs, executors, <br /> administrators, and successors, jointly and severally, firmly by these presents. <br /> THE CONDITION OF THIS OBLIGATION IS SUCH, that whereas the principal <br /> entered into a certain contract with the contracting body, identified as shown above and <br /> hereto attached: <br /> NOW, THEREFORE, if the principal shall well and truly perform and fulfill all the <br /> undertakings, covenants, terms, conditions and agreements of said contract during the <br /> original term of said contract and any extensions thereof that may be granted by the <br /> contracting body, with or without notice to the surety, and during the life of any guaranty <br /> required under the contract, and shall also well and truly perform and fulfill all the <br /> undertakings, covenants, terms, conditions and agreements of any and all duly authorized <br /> modifications of said contract that may hereafter be made, notice of which modifications to <br /> the surety being hereby waived, then, this obligation to be void; otherwise to remain in full <br /> force and virtue. <br /> IN WITNESS WHEREOF, the above-bounden parties have executed this <br /> instrument under their several seals on the date indicated above, the name and corporate <br /> seal of each corporate party being hereto affixed and these presents duly signed by its <br /> undersigned representative, pursuant to authority of its governing body. <br /> Executed in three (3) counterparts. <br />