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THE AMERICAN INSTITUTEOF ARCHITECTS Bond # <br />CONTINENTAL <br />ti <br />AIA Document A311 <br />Performance Bond <br />KNOW ALL MEN BY THESE PRESENTS, that <br />OWENS ROOFING, INC. <br />301 WEST CABARRUS STREET, RALEIGH, NC 27601 <br />as Principal, hereinafter called Contractor, and <br />Continental Casualty Company <br />CNA PLAZA Chicago, Illinois 60685 <br />as Surety, hereinafter called Surety, are held and firmly bound unto <br />ORANGE COUNTY <br />HIGHWAY 86 NORTH HILLSBOROUGH NC 27278 <br />as Obligee, hereinafter called Owner, in the amount of <br />ONE HUNDRED THIRTY ONE THOUSAND EIGHT HUNDRED SEVENTY & 00/100~DOLLARS <br />($131,870.00) <br />for the payment whereof Contractor and Surety bind themselves, their heirs, executors, administrators, <br />successors and assigns, jointly and severally, firmly by these presents. <br />WHEREAS, <br />Contractor has by written agreement dated NOVEMBER 1, 1999 , entered into a contract with <br />Owner for <br />REMEDIAL ROOFING SELECTED AREAS WEST FRANKLIN COMPLEX <br />in accordance with Drawings and Specifications prepared by <br />CTL ENGINEERING INC <br />E. CLUB BLVD DURHAM NC 27704 <br />which contract is by reference made a part hereof, and is hereinafter referred to as the Contract. <br />AIA DOCUMENT A311 - PERFORMANCEBOND AND LABOR AND MATERIA<.PAYMENTBOND -AIA® <br />FEBRUARY1970 ED. -THE AMERICAN INSTI7UTEOF ARCHITECTS,1736 N.Y. AVE., N.W., WASHINGTON, D.C. 20006 1 <br />