HomeMy WebLinkAboutOrlando Paving Co. Performance Bond -1998 01 01
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CNA INSURANCE COMPANIES
CNA ",.. CharQo, Illinois IOlI85
PERFORMANCE BOND
KNOW ALL MEN BY THESE PRESENTS: That we ORLANDO PAVING COMPANY, A DIVISION OF
HUBBARD CONSTRUCTION COMPANY ORLANDO, FLORIDA Pri IpaI
, nc ,
and NATIONAL FIRE INSURANCE COMPANY OF HARTFORD ,Surety, are held and firmly bound
unto THE CITY OF WINTER SPRINGS, FLORIDA - PUBLIC WORKS DEPARTMENT
110 NORTH FLAMINGO AVENUE, WINTER SPRINGS, FLORIDA 32708 ,Obligee,
in the sum of ONE HUNDRED TWENTY THOUSAND, SIX HUNDRED EIGHTY AND 25/100------------
Dollars ($ 120,680.25 )
for the payment of which we bind ourselves, our legal representatives, successors and assigns, jointly and
severally, firmly by these presents.
WHEREAS, PrinCipal has entered into a contract with Obligee, dated
for STREET RESURFACING, BID # 98-016
copy of which contract is by reference made a part hereof.
NOW, THEREFORE, if Principal shall faithfully perform such contract or shall indemnify and save
harmless the Obligee from all cost and damage by reason of Principal's failure so to do, then this obligation
shall be null and void; otherwise it shall remain in full force and effect.
Any suit under this bond must be instituted before the expiration of two (2) years from the date on
which final payment under the contract falls due.
No right of action shall accrue on this bond to or for the use of any person or corporation other than
the Obligee named herein or the heirs, executors, administrators or successors of the Obligee.
Signed, sealed, and dated
ORLANDO PAVING COMPANY, A DIVISION OF
HUBBARD CONSTRUCTION COMPANY
(Principal)
By:
!,J C;
(Seal)
Attomey-i~~act
G-10557&A
OIA
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