1996 S Purchasing Watson Electrical Construction for SHSC Electrical Contractor

Browse Search

Form OC-10 SECTION 308 FORM OF PAYMENT BOND Date of Contract: June 25, 1996 Date of Execution: July 8, 1996 . Name of Principal: Watson Electrical Construction Co. (Contractor) Name of Surety: Seaboard Surety Company 2101 Rexford Road, Charlotte, N.C. 28211 Name of Contracting Body: County of Orange, North Carolina Amount of Bond: _$314,371.00 Project: Orange County Southern Human Services Center Chapel Hill, NC KNOW ALL MEN BY THESE PRESENTS, that we, the principal and surety above named, are held and firmly bound unto the above named contracting body, hereinafter called the contracting body, in the penal sum of the amount stated above for the ppayment of which sum well and truly to be made, we bind ourselves, our heirs, executors, admuustrators, and successors,jointly and severally, firmly by these presents. THE CONDITION OF THIS OBLIGATION IS SUCH, that whereas the principal entered into a certain contract with the-contracting body identified as shown above and hereto attached: NOW, THEREFORE, if the principal shall promptly make payment to all persons supplyingg labor/material in the prosecution of the work provided for in said contract, and any and all dul authorized modifications of said contract that may hereafter be made, notice of which modifications to the surety being hereby waived, then this obligation to be- void; otherwise to remain in full force and virtue. IN WITNESS WHEREOF, the above-bounden parties have executed this instrument under their several seals on the date indicated above, the name and corporate seal of each corporate party being hereto affixed and these presents duly signed by its undersigned representative, pursuant to authority of its governing body. Executed in six counterparts. Witness: _ Watson Electrical Construction Co. Contractor: (Trade or Corporate Name) By: Aolv� (Proprietorship or Partnership JOHN MCDONALD Attest: (Corporation) Title: VICE PRESIDENT FINANCE 139