Agenda - 06-26-1990 - Laserfiche WebLink

Browse Search

ANIMAL 6HELI -ER 100 -018 Form OC -ID Date of Contract: Date of Execution: Name of Principal: (Contractor) FORM OF PAYMENT BOND June 26, 1990 June 26, 1990 Classic Electric Service, Inc. PO Box 12183, Raleigh, NC 27605 Name of Surety: Fidelity and Guaranty Insurance Company 100 Light St., Baltimore, MD 21202 Name of Contracting Body: County of Orange 300 W. Tryon St., Hillsborough, NC 27278 Twenty -two Thousand, One Hundred Sixty and 00 /100 Amount of Bond: DOLLARS ($22,160.00) Project: Additions to Orna a County Animal Shelter, 1099 Airport Rd., Chaple Hill, NC KNOW ALL MEN BY THESE PRESENTS, that we, the PRINCI- A PAL 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 th'e payment of which sum well and truly to be made, we bind ourselves, our heirs, executors, administra- tors, and successors, jointly and severally, firmly by these presents. THE CONDITIONS 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 supplying labor /material in the prosecution of the work pro- vided for in said contract, and any and all duly 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; other- wise 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 representatives, pursuant to authority of its governing body. FORM OF PAYMENT BOND 1