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<br />'I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />,I <br />I. <br />I <br /> <br />- <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />e <br /> <br />e <br /> <br />Bond II 756183 <br /> <br />PAYMENT BOND <br />CL~ Project No. 2000-6201 <br /> <br />STATE OF TEXAS <br /> <br />COUNTY OF ~.<I'''''",t-nn <br /> <br />Gulf States Protective <br />KNOW ALL MEN BY THESE PRESENTS: That Coatings, Inc. of the <br />City of Kemah County of Galveston , and State of Texas. as <br />principal, and Capitol Indemnity Corp. authorized under the laws of the State of Texas <br />to act as surety on bonds for principals, are held and firmly bound unto The City of La <br />Porte (Owner), in the penal sum of Twenty Seven ThOlI!,;Rnn Rnn no/] 00 dollars <br />(J 27.000.00 ) for the payment whereof, the said Principal and Surety bind themselveS, <br />and their heirs, administrators, executors, succe~sors and assigns, jointly and severally, <br />by these presents: <br /> <br />WHEREAS, the Principal has entered into a certain written contrad with the <br />Owner, dated the I Z TN day of Ju NE , 2000, to which contrad is hereby <br />referred to and made apart hereof as fully and to the same extent as if copied at length <br />herein. <br /> <br />NOW, THEREFORE, THE CONDITION OF THIS OBLIGATION IS SUCH, that if <br />the said Principal shaJl pay all daimants supplying labor and material to him or a <br />subcontractor in the prosecution of the work provided for in said contrad, then, this <br />obligation shall be void; otherwise to remain in full force and effect; - <br /> <br />"PROVIDED, HOWEVER, that this bon~ is exeaJted pursuant to the provisions <br />of Vernon's Texas Codes Annotated. Texas' Government Code. Chapter 2253, as <br />amended and all liabilities on this bond shall be determined in accordance with the <br />provisions of said ArticJ~ to the same extent as if it were copied at le~gth herein." " <br /> <br />Surety, for vaJue received, stipulates and agrees that no change, extension of <br />time, alteration or addition to the tenns of the Contract. or to the work performed <br />thereunder, or the plans, specifications, or drawings accompanying the same, shall in <br />such change extension of time, alteration or addition to the terms of the contract. or to <br />the work to be performed thereunder. <br /> <br />Payment Bond 1 of 2 <br />