01-23-1996 Meeting - Laserfiche WebLink

Browse Search

I i • l.~I~1~TED STATES E~®EE~TY ANA GuA~AI~TY COM['AI~IY ~.~...,., .,~.,,1 (A Stock Company) No. _ KNOW ALL MEN BY THESE PRESENTS: That we, ____ GEORGE ROBERT ROY _ _ ~_ _ _ as Principal, and UNITED STATES FIDELITY AND GUARANTY COMPANY, a corporation duly incorporated under the laws of the State of Maryland, as Surety, are held and firmly bound unto _______________________._______~_. LA PORTS AREA WATER AUTHORITY Obligee, in the sum of $_5~000~00--~___.__ for the payment of which we bind ourselves, our heirs, executors, adminlstrators, successors and assigns, jointly and severally, firmly by these presents. WHEREAS, the Principal was appointed to the board. of the La Porte Area Water Authority. THE CONDITION OF THIS OBLIGATION IS SUCH, that if the Principal ____________________________~_ GEORGE ROBERT ROY _________~.._..____.._.___._______~._____, shall well and faithfully perform all the duties of his office, then this obligation to be void, otherwise to remain in full force and effect. IT IS UNDERSTOOD AND AGREED, and this bond is given and accepted on the condition that the Surety shall in no way be held liable for any loss, costs, damages or expenses of any kind caused by the failure of any Bank, Institution or Depository of any kind to pay, deliver over or properly account for any money, moneys, papers, securities or property of any kind placed on deposit therein or in its custody by or for said Principal in his capacity as aforesaid or in any other capacity. IT IS FURTHER UNDERSTOOD AND AGREED that the Surety may cancel this bond by giving thirty (30) days notice in writing to the Obligee. Such cancelation shall be effective only as to acts committed by the Principal after the expiration of said thirty (30) day period. The Surety shall, upon surrender of this bond and its release from all liability thereunder, refund the premium paid, less a pro rata part thereof for the time this bond shall have been in force. Signed, sealed and dated ___January__ 2 9 ,___19 9 6_ -- ----- (SEAL) Principal UNITED STATES FIDELITY AND GUARANTY COMPANY Sherry Langnau Attorney In-Fact PubO 144 (2-88) ..;;a