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<br />e <br /> <br />,.e <br /> <br />PAYMENT BOND <br /> <br />STATE OF TEXAS 8 <br /> <br />COUNTY OF HARRIS 8 <br /> <br />- KNOW ALL MEN BY THESE PRESENTS: That of the City of <br />County of , and State of . 'as. principal, and <br />authorized undedhe laws of the State of Texas to act as surety <br />on bonds for principals, are held and firmly bound unto The City of La Porte (Owner), in <br />the pen~1 sum of dollars {$ ) for the payment <br />whereof, the said Principal and Surety bind themselves, and their heirs, administrators, <br />executors, successors and assigns, jointly and severally. by these presents: <br /> <br />WHEREAS, the Principal has entered into a certain written contract with the Owner, <br />dated the day of . 2004, to which contract is hereby referred to and <br />made apart hereof as fully and to the sam~ extent as if copied at length herein. . <br /> <br />NOW. THEREFORE, THE CONDITION OF THIS OBLlG~ TION IS SUCH, that if <br />. the said Principal shall pay all claimants supplying labor and material to him or a <br />subcontractor in the prosecution of the work provided for in said contract, then, this <br />obligation shall be void; otherwise to remain in full force and effe'ct; <br /> <br />IIPROVIDED, HOWEVER, that this bond is executed pursuant to the provisions of <br />Vernon's Texas Codes Annotated. Texas Government Code. Chaoter 2253', as amended <br />and all liabilities on this bond shall be determined in accord.ance with the provisipns of said <br />Article to the same extent as if it were c~pied at length herein. II <br /> <br />Surety, for value received, stipulates and agrees that no change, extension of time, <br />alteration or addition to the terms of the Contract, or to the work performed thereunder, or <br />the plans, speqifications, or drawings accompanying the same, shall in such change <br />extensio"n of time, .alteration or addition to the terms of the contract, or to the work to be <br />performed thereunder. <br /> <br />Page 16 of 36 <br />