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PERFORMANCE AND INDEMNITY BOND U8-4 <br /> NORTH CAROLINA DEPARTMENT OF TRANSPORTATION - HIGHWAY ENCROACHMENT INSTALLATION <br /> ........ <br /> Sparrow & Sons, Inc., 305 Weaver Street, Carrboro, N.C. 27510 <br /> I1II <br /> .....---.....--, <br /> TRINUNT171Contractor for second party to encroachment agree. <br /> United States Fidelity and Guaranty Company, Baltimore, Maryland <br /> SURETY DESCRIPTION OF ENCROACHMENT AGREEMENT: <br /> Route or Highway No. State Road 1200 <br /> $500.00 County Orange <br /> AMOUNT OF BOND Date of Encroachment Agreement <br /> •Specific Location of Encroachment: Off New :., <br /> afttektM14 just before 70 & <br /> March 27,1985 Type of Encroachment Sewer <br /> DATE OF BOND Water, sewer, gas, etc. <br /> Second party to Encroachment Agreement <br /> Orange County, N.C. <br /> ........... <br /> KNOW ALL MEN BY THESE PRESENTS, That we the PRINCIPAL and SURETY above named, are held and <br /> firmly bound unto the Department of Transportation, an agency of the State of North Carolina <br /> hereinafter call the Department, in the amount stated above for the payment for which sum we <br /> bind ourselves, our heirs, executors, administrators, and successors, jointly and severally, <br /> firmly by these presents. <br /> THE CONDITION OF THIS OBLIGATION IS SUCH, that whereas the above indicated second party to <br /> an Encroachment Agreement named above entered into an Encroachment Agreement with the Depart <br /> ment, and the principal (contractor) entered into a contract with the said second party to <br /> an Encroachment Agreement named above to perform certain work, including the installation or <br /> relocation of certain encroachments described in a certain Encroachment Agreement with the <br /> Department hereinabove described and incorporated-herein by reference; <br /> NOW, THEREFORE, if the principal shall: well and truly install the said encroaching facilities <br /> on and along the highway in accordance with the "Policies and Procedures for Accommodating <br /> Utilities on Highway Rights of Way" and any supplements thereto and in accordance with the <br /> r other provisions of the said Encroachment Agreement, and shall indemnify the Department for <br /> t the failure to install the encroachments in accordance with the foregoing manual and pro- <br /> visions of the said Encroachment Agreement, then, this'obligation to be void; otherwise to re <br /> main in full force and effect. <br /> IN WITNESS WHEREOF, the above-bounden parties have executed this instrument under their sever. <br /> i, seals on the date indicated above, the name and corporate seal of each corporate party being <br /> "4- hereto affixed and these presents duly signed by its undersigned representative, pursuant to <br /> 1 authority of its governin. bod . <br /> • ea or Principal <br /> Sparrow & Sons, Inc. <br /> PRINCIPAL (Type Name of Principal) <br /> ATTEST: <br /> • . . <br /> ....C.1-e-Plt-or Sect ary BY: ,...z..4.,-, <br /> !Preside <br /> • (Delete Inappropriate Title) <br /> United States Fidelity and Guar., . : ompany <br /> • COUNTERSIGNED (Name of SURETY) <br /> (Seal of Surety) • BY: -------- ...**71 / --3,------ <br /> Licensed Res- sent Agent Attorhey-in-Pact <br /> NOTE: Attach Power of Attorney and Certificate of Authority of Attorney-in-Fact. <br /> FORM R/W 16A (This form to be used only by Contractor for second party to encroachment <br /> 1975 agreement.) <br /> Revised July 1977 <br /> . _ _ <br />