Orange County NC Website
PAYMENT BOND <br /> <br />Date of Contract:_______________________ <br /> <br />Date of Execution:______________________ <br /> <br />Name/Address of Principal: <br />(Contractor) <br /> <br /> <br />Name/Address of Surety: <br /> <br /> <br />Name/Address of Contracting Body: <br /> <br /> <br />Amount of Bond (Printed): <br /> <br />Project: _____________________________________________________ <br /> <br /> KNOW ALL MEN BY THESE PRESENTS, that we, the PRINCIPAL and <br />SURETY above named, are held and firmly bound unto the above named <br />Contracting Body, hereinafter called the Contracting Body, in the penal sum of <br />the amount stated above for the payment of which sum well and truly to be <br />made, we bind ourselves, our heirs, executors, administrators, and successors, <br />jointly and severally, firmly by these presents. <br /> <br /> THE CONDITION OF THIS OBLIGATION IS SUCH, that whereas the <br />Principal entered into a certain contract with the Contracting Body, identified as <br />shown above and hereto attached: <br /> <br /> NOW THEREFORE, if the Principal shall promptly make payment to all <br />persons supplying labor and material in the prosecution of the work provided for <br />in said contract, and any and all duly authorized modifications of said contract <br />that may hereafter be made, notice of which modifications to the Surety being <br />hereby waived, then, this obligation to be void; otherwise to remain in full force <br />and virtue. <br /> <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 <br />corporate seal of each corporate party being hereto affixed and these presents <br />duly signed by its undersigned representative, pursuant to authority of its <br />governing body. <br /> <br /> <br />Executed in counterparts. <br /> <br /> <br />DocuSign Envelope ID: BBF56E0A-3618-497E-AA70-92F097E8F598