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<br />e <br /> <br />e <br /> <br />PAYMENT BOND <br /> <br />STATE OF TEXAS <br /> <br />COUNTY OF <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 <br />principals, are held and firmly bound unto The City of La Porte (Owner), in the penal sum of <br />dollars ($ ) for the payment whereof, the said Principal and Surety bind <br />themselves, and their heirs, administrators, executors, successors and assigns, jointly and severally, by <br />these presents: <br /> <br />WHEREAS, the Principal has entered into a certain written contract with the Owner, dated the <br />day of ,2003, to which contract is hereby referred to and made apart hereofas <br />fully and to the same extent as if copied at length herein. <br /> <br />NOW, THEREFORE, THE CONDITION OF TfllS OBLIGATION IS SUCH, that if the <br />said Principal shall pay all claimants supplying labor and material to him or a subcontractor in the <br />prosecution of the work provided for in said contract, then, this obligation shall be void; otherwise to <br />remain in full force and effect; <br /> <br />"PROVIDED, HOWEVER, that this bond is executed pursuant to the provisions ofVemon'~ <br />TexSl~ l:octe~ AnnotSltP.ct, Ten~ C'TOvemment l:octe, l:hSlpter ??lil, as amended and all liabilities on this <br />bond shall be determined in accordance with the provisions of said Article to the same extent as if it <br />were copied at length herein. " <br /> <br />Surety, for value received, stipulates and agrees that no change, extension of time, alteration or <br />addition to the terms of the Contract, or to the work performed thereunder, or the plans, specifications, <br />or drawings accompanying the same, shall in such change extension of time, alteration or addition to <br />the terms of the contract, or to the work to be performed thereunder. <br /> <br />Payment Bond 1 of2 <br />