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<br />e <br /> <br />e <br /> <br />Bond No. TXC 1570 <br /> <br />PAYMENT BOND <br /> <br />. , <br />RENOVA nON OF THE. CITY OF LA PORTE'S <br />SAY FOREST GPLF COURSE GRE~NS <br /> <br />STATE OF TEXAS <br /> <br />COUNTY OF <br /> <br />Harris <br /> <br />KNOW ALL MEN BY THESE' PRESENTS: That Burnside Services. Inc. <br />of the City of Montaomery County of Montgomerv , and State of --I <br />Texas , as principal, and MERCHANTS BONDING (X)MP~ (MUTUAL) <br />authorized under the laws of the State of Texas to act as sur~ty on bonds for principals, <br />,are held and firmly bound unto The City of La Porte (Owrfler), in the penal sum of <br />One-hundred sixteen-thousand four-hundred and noloo Dollars. ($ 116.400.00 ) for <br />. the payment whereof, the said Principa,l and Surety bind th~mselves, and their heirs, <br />administrators, executors, successors and assigns, jointly: and severally I by these <br />presents: . <br /> <br />WHEREAS, the Principal has entered into a certain, written contract with the <br />Owner, dated the 22nd day of Februarv ,1999, to which contract is hereby <br />'referred to and made apart hereof as fuliy and to the same ~tent as if copied at length <br />:herein. : <br /> <br />NOW, THEREFORE, THE CONDITION OF THIS OBl.:IGATION IS SUCH, that if <br />the said Principal shall pay all c1aimaDts supplying labor and material to him or a <br />subcontractor in the prosecution of the' work provided for ir) said contract; then, this <br />obligation shall be void; otherwise to remain in full force and effect; <br /> <br />"PROVIDED. HOWEVER, that th,s bond is executed pursuant to the provisions <br />of Vemon's Texas Codes Annotated, Texas Government iCode. ChaDter 2253, as <br />amended and all liabilities on this bond shall be detenninetJ in accordance with the <br />provisions of said Article to the same extent as if it were copie~ at length herein." <br /> <br />Surety, for value received, stipul~tes and agrees that no change, extension of <br />time, alteration or addition to the terms of the Contract, qr to the work performed <br />thereunder, or the plans, specifications, :or drawings accomJ:ianying the same, shall in <br />such change extension of time. alteration or addition to the terms of the contract, or to <br />~e work to be performed thereunder. . <br /> <br />PAvmAnt Rnnn 1 nf ~ <br />