CITY OF FORT WORTH, TEXAS
STREET AND STORM DRAIN CONTRACTORS BOND
THE STATE OF TEXAS )
KNOW ALL MEN BY THESE PRESENTS:
COUNTY OF TARRANT )
That We ______________________________________________________,As,
principal, and _________________________________________________,As
surety, are held and firmly bound unto the City of Fort Worth, Texas, in the penal
sum of twenty-five thousand Dollars ($25,000.00) good and lawful money of the
United States of America, well and truly to be paid for the payment of which we,
and each of us, hereby bind ourselves, our heirs, executors, administrators and
successors, jointly and severally, firmly by these presents
THE CONDITIONS OF THIS OBLIGATION ARE SUCH THAT
WHEREAS, the above principal desires to engage in the business of
laying, constructing, building, repairing, rebuilding, grading, graveling, paving,
surfacing, resurfacing and doing work in and upon the public streets, alley or
thoroughfares within the corporate limits of the City of Fort Worth and has
complied with all the terms and conditions of ordinance No. 3449 of the City of
Fort Worth, Texas, and has applied to the Director of Transportation and Public
Works as provided in said ordinance
NOW, THEREFORE, if said principal shall fully indemnify and save whole
and harmless the said City of Fort Worth, its agents and employees, as well as
indemnify and save harmless any person, firm or corporation with whom the
Principal has contracted, from any and all damages of any character arising from
or caused directly or indirectly by any negligence in the performance of such
work as above set forth under the terms of said ordinance and said license or for
any imperfect or inadequate work done by said principal under the terms of said
ordinance and said license, and shall maintain said work in good and
workmanlike state of repair for a period of two (2) years from and after its
completion and acceptance by the City of Fort Worth, then this obligation shall be
null and void, otherwise to remain in full force and effect: provided, however, this
bond is executed by the surety on the condition that its liability shall be limited by
and subject to the conditions and provisions herein under contained:
Successive actions may be brought on this bond for successive breaches
of its conditions or any of them; provided, however, that the total sum of all
liability of the surety on any one or all of such actions shall not exceed a total
sum of Twenty-five Thousand Dollars ($25,000.00).
The liability of the Surety under this bond, if not canceled as hereinafter
provided, shall cease and terminate of its own force and effect one year from the