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1995-10-23 Regular Meeting
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1995-10-23 Regular Meeting
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City Meetings
Meeting Body
City Council
Meeting Doc Type
Minutes
Date
10/23/1995
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<br />. <br /> <br />. <br /> <br />BOND NO. 584 44 44 <br /> <br />Pbl'ORMAHCB BONI> <br /> <br />STAT! OF TEXAS <br /> <br />COUN'I'Y OJ' HARRIS <br /> <br />KNOW At.L MZN BY 'raSE PRBSENTS, 'I'hat Bro~Ferris, Inc. <br />1700 North "E" St., La Porte, TX 77571 (hereinafter called "Principal-), <br />as Pr inc1pal, anCl oareco Insurance Company 01' America I a c:orpcxati on <br />organi2ed and existing una.~ the laws of the state of Texas end <br />authorized to act .. surety on bonds for principals (ne~e1nafter <br />called .Suretyft), as Surety, are held and flr.ly boun4 unto the <br />city ot La Porte, County of Harris, State of ~exa. (her.lnafte: <br />called the .City.),.a City, in the penal sua of three hundred <br />fifty thou.and Dollars ('3501000.00) ~or the payaent vh.~.of, the <br />..14 P:lneipal and Suzety bin4 thea.elves, .nd their h.l~s, <br />adainistrators, exeeators, sUccesso%s and .as1gns jointly and <br />severally, flrmly by these presents: <br /> <br />WHBREAS, the P~1nc1pal has entered into a ~e:ta1n written <br />c:ontract with th. City, dated the 1st day of Novpmher. lQQS <br />for Coaae%cial and Industrial Soll~ Waste Collection and <br />01sposal, which Contract is hereby referred to and made a part <br />thereof . as 1f fully and to the 8~m. extane copied at 1en9th <br />he~e1n, con.istlng of the Request fo: Proposal, Instzuct10ns to <br />P~oposers, Proposal, Atfidavit, Proposal lon~, Contract, Ganexal <br />Specif1cations lnclu41ng Exh1blts A, 8 and C, an~ any chanses to <br />the foregoing documents ag:ee~ to by the C1ty and the Principal. <br /> <br />NOW THEREPORE, THE CONDITION OF ~HIS OBLIOaTION IS SUCH, <br />that if the saia Principal shall faithfully per:or. the <br />conditions of the Contract,. free and clear of all liens a~1sin9 <br />out of claias for laaor, aaterlala an4 othet le:vtcea necessary <br />~o% the p8r!ozmance of the Cont:aet, and indean1iy and save <br />hat.less the City !~o. all loss.., coat or 4...q. that the City <br />may saffer by reason of the fal1u:e of the Principal.. !ailu%. to <br />do so, then tb1s obligation shall b. vol~; oth.~vise this <br />obllqat1on shall remaIn In ~~ll fozce and effect. <br /> <br />I <br /> <br />Surety, for value received fro. the PrIncipal, s~ipulat8. <br />and agrees that no change, extension of cQnt~.ct tcr., alterat10n <br />O~ aa41tlon to the te%.s of the Cont%actl or other ~ork perforaed <br />thereunde% shall in anyvlse affect its ob119at1on on this bond, <br />ana it does heraby waive notiee of any such chanqe, extension of <br />term, alteration or addition to th. tar.. of the ContraQt, o~ the <br />work to be perforaed th.r.unde~, <br /> <br />PAGE 20 OF 21 <br />
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