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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 />I <br /> <br />.e <br /> <br />e Bond 1!756183 <br /> <br />PERFORMANCE BOND <br />elP Project No. 2000-6201 <br /> <br />STATE OF TEXAS <br /> <br />COUNTY OF <br /> <br />Galveston <br /> <br />Gulf States Protective <br />KNOW ALL MEN BY THESE PRESENTS: That Coatings, Inc. of the <br />City of Kemah County of Gaiveston . and State of Tpx.<l!:: , as principal, <br />and Capitol Indemnity Corp authorized under the laws of the State of Texas to act as <br />surety on bones for principafs, are held and firmly bound 4nto The 'City of La Porte <br />(Owner), in the penal sum of Twentv Seven TholH~ancl .<Inn nn /1 ()() dollars <br />($ 27,000.00 ) for the paym~nt whereof, the said Principal and Surety bind themselves, <br />and their heirs, administrators, executors, successors 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 12TH day of JUNE, 2000, to which contract is hereby referred to <br />and made apart hereof as fully and to the same extent as if copied at length herein. <br /> <br />NOW, THEREFORE, THE CONDITION OF THIS OBLIGATION IS SUCH, that if <br />the said Principal shall faithfully perform said Contract and shall in all respects duly and <br />faithfully observe and perform all and singular the covenants, conditions and <br />agreements in and by said contract agreed and covenanted by the Principal to be <br />observed and performed, and according to the true intent and meaning of said Contract <br />and the Plans and Specifications hereto annexed, then this obligation shall be void: <br />otherwise to remain in full force and effect; <br /> <br />"PROVIDED, . HOWEVER, that this bond is executed pursuant to the provisions <br />of Vernon's Texas Codes Annotated. Texas Government Code. ChaDter 2253. as <br />amended and all liabilities on this bond shall be determined in accordance with the <br />provisions of said Artide to the same extent as if it were copied at length herein. II <br /> <br />Surety, for value received, stipulates and agrees that no change, extension of <br />time, alteration or addition to the terms of the Contract, or to the work performed <br />thereunder.. or the plans, specifications, or drawings accompanying the same, shall in <br />any way affect its obligation on this bond, and it does hereby waive notice of any such <br />change; extension of time, alteration or addition to the terms of the contract, or to the <br />work to be performed thereunder. <br /> <br />Perfonnance Bond 1 of 2 <br />