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HomeMy WebLinkAboutLumbermans Mutual Casualty Company Dual Obligee Rider - 2001 07 23 LUMBERMENS MUTUAL CASUAL TV COMPANY Dual Obligee Rider TO BE ATTACHED TO and form part of Bond Number LUMBERMENS MUTUAL CASUALTY COMPANY Surety, on behalf of C. A. MEYER PAVING & CONSTRUCTION CO. WINTER PARK. FLORIDA to as the Principal, and in favor of CAHILL ENTERPRISES. INC. of ORLANDO. FLORIDA LFS00276 issued by the as of , hereinafter referred , hereinafter referred to as the Obligee, in the sum of OOE MIILlOO , '00 HUNDRED FURTY-NINE ~USAND. EIGm:' HUNDRED FOR1Y-FIVE & NO/lOa Dollars ($ 1. 249.845.00 ), effective the 23RD day of JULY 2001 In consideration of the sum of One Dollar ($1.00), and other good and valuable consideration receipt of which is hereby acknowledged, the Undersigned hereby agree as follows: 1. The CITY OF WINTER SPRINGS. FLORIDA is hereby added to said bond as an additional obligee. 2. The Surety shall not be liable under this bond to the Obligee, or either of them unless the said Obligees, or either of them, shall make payments to the Principal strictly in accordance with the terms of the said contract as to payments, and shall perform all other obligations to be performed under said contract at the time and in manner therein set forth. 3. No suit, action or proceeding by reason of any default whatever shall be brought on this bond after two (2) years from the day on which the final payment under said construction contract falls due. 4. Aggregate liability of Surety hereunder to Obligees is limited to the penal sum above stated and Surety, upon making payment hereunder, shall be subrogated to, and shall be entitled to an assignment of all rights of the payee with respect to the particular obligation discharged by the payment, either against principal or against any other party liable to the payee on the discharged obligation. SIGNED, SEALED AND DATED this 23RD day of JULY 2001 Witn~ . By: W~ CO. (S~ LUMBERMENS MUTUAL CASUALTY COMPANY ~ B~~ ~ . . !!I'll FRANCIS T. 0 I RE N Attorney-in-Fact RESIDENT FLORIDA AGENT Accepted By: SUR-85831-A