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PAYMENT BOND
BOND #
KNOW ALL MEN BY THESE PRESENT, that we (Corporation Partner)
and (Partner) as
Principal(s), and as SURETY, are held and firmly bound unto the Newport News
Redevelopment and Housing Authority (NNRHA) in the penal sum of dollars,
. ), lawful money of the United States of America for the payment of which sum well and truly
to be made, we bond ourselves, our heirs, executors, administrators, and successors, jointly and severally, firmly by
these presents.
THE CONDITION OF THIS OBLIGATION IS SUCH, which whereas the principal(s) entered into a certain
CONTRACT with the NNRHA dated: for the
Cnsert project name and location)
NOW, THEREFORE, if the principal shall well and truly perform and fulfill all the undertakings,
covenants, terms, conditions, and agreement of said CONTRACT during the original term of said
CONTRACT and any extensions thereof that may be granted by the NNRHA with or without notice to
the SURETY, and shall also well and truly perform and fulfill all the undertakings, covenants, terms,
conditions and agreements of any and all duly authorized modifications of said CONTRACT, notice to
SURETY being hereby waived, then this obligation to be void; otherwise to remain in full force and
virtue.
IN WITNESS WHEREOPF, the above bounded parties have executed this instrument under their several
seals this day of (month), (year), the name and corporate seal of
each corporate party being hereto affixed and these present duly signed by it undersigned representative,
pursuant to authority of its governing body.
PRINCIPAL: PRINCIPAL:
ADDRESS: ADDRESS:
CITY: CITY:
TITLE: TITLE:
ATTEST: ATTEST:
CORPORATE SEAL: CORPORATE SEAL:
THE INFORMATION BELOW MUST BE FILLED IN BY THE CORPORATE SURETY
SURETY: The rate of premium of this BOND is $
per Thousand for a total of §
ADDRESS:
CITY: Power of Attorney Attached:
YES NO
TITLE:
ATTEST:
CORPORATE SEAL:
Marshall Courts Phase VT Demolition ATTACHMENT “H” Page } of 1
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