|
INDEMNITY CORPORATION
<br />MADISON. WISCONSIN 53701
<br />(a Stock Company, organized under the laws of Wisconsin)
<br />PERFORMANCE BOND
<br />KNOW ALL MEN BY THESE PRESENTS:
<br />That Con/Spec Corp.
<br />(Name and address of the Contractor)
<br />380 Lafayette Road #111, St. Paul, MN 55107
<br />as Principal, horcinaf;er called Contractor, and CAPITOL INDEMNITY CORPORATION as Surety, hereinafter called Surety,
<br />art: held and firmly bound unto
<br />City of Roseville
<br />2660 Civic enters rive,t oseville, MN 55112
<br />as Obligee, hereinafter called Owne., in the amount of
<br />Three Thousand Six Hundred Eighty and no/100-----------------Dollars(S 3680.00 )�
<br />for the payment whereof Contractor and Surety bind themselves, their heirs, executors, administrator, successors and assigns,
<br />jointly and severally, firmly by these presents.
<br />WHEREAS, Contractor has by written agreement dated June 13, 1985.
<br />entered into a contract with Owner for —,snot ni 1at inn of upig,:br inrl triter gySr'm pit 171 (`pnt-y-r
<br />Street, Lots 10, 10A, & 11, Roseville, MN
<br />in accordance, with drawings and specifications prepared by
<br />(Fvll name, of Architect)
<br />which contra by reference made a part hereof, and Is hereinafter referred to as the Contract%
<br />NOW, THEREFORE, THE CONDITION OF THIS OBLIC AT ION is such that, if Contractor ►hall promptly and faithfully per-
<br />form said contract, than this obligation shill be null and void; a►herwiie it shall remain In full force and effect.
<br />The Surety hereby waives notice of any alteration or extension of time made, by the Owner.
<br />4'the,neverConiractor shall be, and declarers by Owner to be indafault under the Contract, the Owner havingporformocl
<br />Ownw's obligations rhorr+under, the Surety may promptly remedy the default, or ►rsall promptly
<br />11) Complelo the Contract In accordonce with its terms and conditions. u,
<br />(2) Obtain a bid cr bids for complptrnp the Conituo in accordance with its towns and conditions. and upon
<br />dolotmination by Surety of rho 10vr011 responublo bidder, at. if the Owner elects, upon determination by
<br />the Owner and the Surety jointly at the lowoo responsible bidder. ationge for a contro!•t between Such
<br />bidder and Owner, and Hotta ovnilobl@ as W rk proer@sses (even though rhoffo should be, a doloult or a
<br />succession of defaults under the (ontroit at conuacit of cormniotior arranged undo# this paragraph) suffklonl
<br />funds to pay the cost of comjplonon I@$% the balance of rho _,nt#act prie". but not o■ceoding, including
<br />other costs and donrouirs jot which the ►urvty may be hublo het@under, the amount sot lotth In the fito
<br />paragraph hoteol. the #oars " bolonce of the contract price". as used in this paragraph. shall mean the
<br />total amount payable by Owner to Conot000# untiot rho Connect and any ornandmont► lhordlo, less thin
<br />amount ptoporly paid by Owner to Contractor.
<br />Any wit under this bond mint be instituted before the a%piration of two (2) years from the date on which final payment
<br />under ihe, contract falls due.
<br />No right of action shall accrue on this bona' to or for the use of any potion or corporation other than the Owner named
<br />heroin or the hairs, executors, administralots or tuccessors of Owner.
<br />Signed and sealed this . __ 13 __— day of June A.D. 19 85
<br />Witness ..>Kor
<br />t
<br />k,i AAJ►�AA�a s.t ♦ir. t + +! ,tpt? � A!! 3 A a 1A IlA1
<br />I '� NGI r 'ETC IN*
<br />, � . � t.11NNE59TA
<br />�i✓ CUUNTY
<br />`i l"' My Comm. Expttes Sepl, 29. 1989
<br />wwrv, 'lrorvrh►ayrvtntr"VVyvrhtWW
<br />Witness
<br />C, n/Spec_Corp. _ (SEAL)
<br />(SEAL)
<br />r nctpa
<br />CAPITOL INDEMNITY CORPORATION
<br />a Wisconsin Corporation, (Surety)
<br />By 4--,�
<br />Norman L. Svea, Attotney-
<br />rORM AIA DOC. •A•311 CANT. 202•5•'70
<br />
|