Laserfiche WebLink
<br />11/18/2008 18:04 <br /> <br />2816482462 <br /> <br />BAYWAY HOMES <br /> <br />PAYMENT BOND <br /> <br />STATE OF TEXAS <br />COUNTY OF HARRIS <br /> <br />~ <br />i <br /> <br />BlOnd No. 810982 <br /> <br />KNOW ALL MEN BY THESE PRESENTS: That Bayway Homes, Inc." of the <br />City of Fl"ilmdswood County 'of GalvMton I and state of Texas _' as <br />prlnolpal, and Insurors Indemnl!J Coml!lInv authoriZed under the laws of the State of <br />Texas to act as surety on bonds for principab.. ate hetd and firmly bound unto <br />Tile City of La Porte (Owner), in the penal sum of <br />Nlhe~-l!ight 1bou~0Jl'DllI1QL1DIl"---""'m_____n- dollars (~9$,~~;~O _-l for the <br />payment whereof, the said Principar and Surety bind themseJves, and their Ileirs, <br />administrators, executors, successors and assigns, jointly and seve~lIy, by these <br />presents: <br /> <br />WHEREAS, the Principal has entered into a certain written contract with the <br />Owner. dated the 17th day of ~cem~L-_, 2007, to which cannet is <br />hereby referred to and m~e apart hereof as fUlly and to t/1s same extant as if <br />copied ~t length herein. <br /> <br />NOW, THEREFORE, THE CONDITION OF THIS OBLIGATION IS SUOH, that if <br />the said Principal shall pay all claimants supplying labOr and materfaf to him or a <br />suboontrBotor in the prosecution of the work proVided for In said contract, then, <br />this obligation shall be void; otherwlse to remain In full force and effect; <br /> <br />"PROVIDED. HOWEVER, that this bond is lJX+\"cuted pUl'9uant to the pi'oVilSions <br />01 Vernon's Texas Codes Annotated. Te~$ GOVert1lT'tent Code. Ch:aDter 2253, as <br />amended and all liabilities on thi$ bond shall be determined in accotdance with <br />the provisions of said ArtIcle to the same extent as if it were copied at length <br />herein,'. <br /> <br />Surety, for value received, stipulates and agTee$ that no change, exf:e"~lol' of <br />time. alteration or addition to the terms of the Contract, or to the work performed <br />thereunder, or the plans, specifloations. or drawings aocompanying the same, <br />shall in such change extension of time, alteration or addtflan to the tenns of the <br />contract, or to the work to be perrormed thereunder. <br /> <br />PClymel'it Bond 1 of 2 <br /> <br />PAGE 16/19 <br />