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TOWN OF CUTLER BAY
(SOLID WASTE FRANCHISEE’S)
PAYMENT BOND
BY THIS BOND, We, __________________________________ [name of principal/franchisee]
as PRINCIPAL/FRANCHISEE AND ______________________ [name of surety], as SURETY,
are bound to the Town of Cutler Bay, herein called TOWN, in the sum of $_________________,
for payment of
which we bind ourselves, our heirs, personal representatives, successors, and
assigns, jointly and severally.
THE CONDITION OF THIS BOND is that if PRINCIPAL/.FRANCHISEE:
1. Performs the Franchise Agreement dated ________________ between
PRINCIPAL/FRANCHISEE and TOWN (hereinafter Franchise Agreement) and abides by
all of the terms of said Franchise and the TOWN’s Ordinance No. 08-
01, as amended,
(hereinafter Franchise Ordinance), said Franchise Agreement and Ordinance being made
parts of t
his bond by reference, at the times and in the manner prescribed in the Franchise
Agreement and Ordinance; and
Promptly makes all payments to TOWN as is required pursuant to the Franchise Agreement;
and
Pays TOWN all losses, damages, expenses, costs and
attorney’s fees, including appellate
proceedings, that TOWN sustains because of a default by PRINCIPAL/FRANCHISEE under
the Franchise Agreement; and
Performs all duties and responsibilities pursuant to the Franchise Agreement and Franchise
Ordinance, then this bond is void; otherwise it remains in full force.
Any changes in or under the Franchise Agreement documents and compliance or noncompliance
with any formalities connected with the Franchise Agreement or Franchise Ordinance does not
affect SURETY’s obligation under this bond.
IN WITNESS WHEREOF, the above-abounded parties have caused this Bond to be executed by
their appropriate officials of the _____ day of ______________, 20_____.
