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<br />~ <br /> <br />it <br /> <br />. <br /> <br />PERFORMANCE BOND <br /> <br />STATE OF TEXAS ~ <br />COUNTY OF HARRIS ~ <br /> <br />KNOW ALL MEN BY THESE PRESENTS: That of the City of <br />County of . and State of , as principal, and <br />authorized under the laws of the State of Texas to act as surety on bonds for principals, <br />are held and firmly bound unto The City of La Porte (Owner), in the penal sum of <br />dollars ($ ) for the payment <br />whereof, the said Principal and Surety bind themselves, and their heirs, administrators, <br />executors, successors and assigns, jointly and severally, by these presents: <br /> <br />WHEREAS, the Principal has entered into a certain written contract with the Owner, <br />dated the day of ,2003, to which contract is hereby referred to and <br />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 the <br />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 agreements <br />in and by said contract agreed and covenanted by the Principal to be observed and <br />performed, and according to the true intent and meaning of said Contract and the Plans <br />and Specifications hereto annexed, then this obligation shall be void; otherwise to remain <br />in full force and effect; <br /> <br />"PROVIDED, HOWEVER, that this bond is executed pursuant to the provisions of <br />Vernon's Texas Codes Annotated. Texas Government Code. Chapter 2253, as amended <br />and all liabilities on this bond shall be determined in accordance with the provisions of <br />said Article to the same extent as if it were copied at length herein. " <br /> <br />Surety, for value received, stipulates and agrees that no change, extension of time, <br />alteration or addition to the terms of the Contract, or to the work performed thereunder, <br />or the plans, specifications, or drawings accompanying the same, shall in any way affect <br />its obligation on this bond, and it does hereby waive notice of any such change, extension <br />of time, alteration or addition to the terms of the contract, or to the work to be performed <br />there under. <br /> <br />PP-1 <br />