Laserfiche WebLink
<br />EXHIBIT VIII-N, Cont. <br /> <br />PAYMENT BOND <br /> <br />KNOW ALL PEOPLE BY THESE PRESENTS: that <br /> <br />(Name of Contractor or Company) <br /> <br />(Acldress) <br /> <br />a. hereinafter calle:J Principal, and ___ <br />(Corporation/Pa rtnersh ip) <br /> <br />(Name of Surety Company) <br /> <br />(Address) <br /> <br />hereinafter called SURETY, are held and firmly bound unto <br /> <br />(Name of Recipient) <br /> <br />(Hecipient's Address) <br /> <br />hereinafter called OWNER, in the penal sum of $__ Dollars in lawful money of the <br />United States, for the payment of which surr well arllj truly to be made we bind ourselves, successors, and <br />assigns, jointly and severally, firmly in these presents. <br /> <br />THE CONDITION OF THIS OBLIGATION is such that whereas, the Principal entered into a certain contract <br />with the OWNER dated the day of __ :20__ , a copy of which is hereto attached <br />and made a part hereof for the construction of: <br /> <br />PHOJECT NAME: <br /> <br />NOW THEREFORE, if the Principal shall promptly make payment to all persons, firms, <br />SUB-CONTRACTORS, and corporations furnishing materials for or performing labor in the prosecution of the <br />WORK provided for in such Contract, and any autllOrized extl~nsion or modification thereof, including all <br />amounts due for materials, lubricants, oil, gasoline, coal and coke, repairs on machinery, equipment and tools, <br />consumed or used in connection with the construction of such WORK, and all insurance premiums on said <br />WORK whether by SUB-CONTRACTOR or otherwise, then this obligation shall be void; otherwise to remain <br />in full force and effect. <br /> <br />PROVIDED FURTHER, thatthe said Surety, forvalus' received hereby stipulates and agrees that no change, <br />extension of time, alteration or addition to the, terms of the Contract or to WORK to be performed thereunder <br />or the SPECIFICATIONS accompanying the same shall in any way affect its obligation on this BOND, and <br />it does hereby waive notice of any such change, extension of time, alteration or addition to the terms of the <br />Contract or to the WORK or to the SPECIFICATIONS. <br /> <br />VIII-N-5 <br /> <br />(Revised 5/99) <br />