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<br />e <br /> <br />e <br /> <br />Bond No. TXC 1570 <br /> <br />PAYMENT BOND <br /> <br />. . <br />RENOVA nON OF THE. CITY OF LA PO~TE'S <br />BAY FOREST GPLF COURSE GREE;NS <br /> <br />STATE OF TEXAS <br />COUNTY OF <br /> <br />Harris <br /> <br />KNOW ALL MEN BY THESE PRESENTS: That Burnside Servjces~ Inc. <br />of the City of Montaomery County of Montgomery , and State of -I <br />Texas , as principal, and MERCHANTS BONDING COOP~ (MU'IUAL) <br />authorized under the laws of the State of Texas to act as sur~ty on bonds for principals, <br />:are held and firmly bound unto The City of La Porte (OwIfIElr), in the penal sum of <br />One-hundred sixteen-thousand four-hundred and noloo Dollars. ($ 116.400.00 ) for <br />. the payment whereof, the said Principa.! and Surety bind th~mselves, and their heirs, <br />administrators, executors, successors and assigns, jointly: and severally, by these <br />presents: . <br /> <br />. WHEREAS, the Principal has entered into a certain. written contract with the <br />Owner, dated the 22nd day of FebrU8rv ,1999, to which contract is hereby <br />:referred to and made apart hereof as fuliy and to the same e~tent as if copied at length <br />:herein. : <br /> <br />NOW, THEREFORE, THE CONDITION OF THIS OBWGATJON IS SUCH, that rr <br />the said Principal shall pay all claima~ts supplying labor and material to him or a <br />subcontractor in the prosecution of the' work provided for in said contract; then, this <br />obligation shall be void; otherwise to remain in full force and effect; <br /> <br />. "PROVIDED. HOWEVER, that this bond is executed pursuant to the provisions <br />of Vemon's Texas Codes Annotated. Texas Government iCode. ChaDter 2253, as <br />amended and all liabilities on this bond shall be detenninett in accordance with the <br />provisions of said Article to the same extent as if it were copie~ at length herein." <br /> <br />Surety, for value received, stjpur~tes and agrees that no change, extension of <br />time, alteration or addition to the terms of the Contract, qr to the work perfonned <br />"thereunder, or the plans, specifications, :or drawings accomr;janying the same, shall in <br />such change extension of time, alteration or addition to the t~s of the contract, or to <br />~e work to be performed thereunder. . <br /> <br />P~vmAnt Rnnrl 1 nf ~ <br />