Performance Bond
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THE AMERICAN INSTITUTE OF ARCHITECTS
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AlA Document A311
Performance Bond
BOND # 4574707
KNOW ALL MEN BY THESE PRESENTS: that
BOB FLORENCE CONTRACTORS, INC. (Herr insrn full na_ and acIcIrrn or Irpl lillr of Contractor)
1934 So. Kansas Avenue
Topeka, Kansas 66612
as Principal, hereinaftp.r called Contractor, and,
HARTFORD ACCIDENT & INDEMNITY COMPANY CHrrr insrn full nalM and adclrfl5 or Irpl lillr of Surrty)
P.O. Box 2927
Shawnee Mission, Kansas 66201
as Surety, hereinafter called Surety, are held and firmly bound unto
CITY OF SALINA, KANSAS (Herr insrn full MIM and adcIrrn or Irpl lillr of OwMr)
City-County Building
300 West Ash, Salina, KS 67401
as Obligee, hereinafter called Owner, in the amount of FIVE THOUSAND SIX HUNDRED TWELVE
DOLLARS AND 50/100--------- -----
Dollars ($ 5,612.50
),
for the payment whereof Contractor and Surety bind themselves, their heirs, executors, administrators,
successors and assigns, jointly and seveially, firmly by these presents.
WHEREAS, BOB FLORENCE CONTRACTORS, INC.
Contractor has by written agreement dated May 20th 19 87, entered into a contract with Owner for
tHrrr iftH'n full namr, acIcIrrn and MKriplion of projrcll
wall rehab (stucco work)downtown redevelopment
in accordance with Drawings and Specifications prepared by
IHrrr inlerl futl namr and addrr.. or Irs.1 \Illr of Arch.lrcl)
which contract is by reference made a part hereof, and is hereinafter referred to as the Contract.
AI4 DOCUMENT 4311 . PERfOR'I.\"'o.;CE BOND AND lABOR A~D MAHRIAl PAYME"T BOND. AlA @J
HBRUARY 19-0 ED .THE AMfRIC....... INSTITUTE OF ARCHITECTS. 1~ \, :-;Y ^VI.. N.W., WASHINGTON, D. C. 20006
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PERFORMANCE BOND
NOW, THEREFORE, THE CONDITION OF THIS OBlIG"TION is such that, if Contractor shall promptly and faithfully perform
said Contract, then this obligation shall be null and void; otherwise it shall remain in full force and effect.
The Surety hereby waives notice of any alteration or
extension of time made by the Owner.
Whenever Contractor shall be, and declared by Owner
to be in default under the Contract, the Owner having
performed Owner's obligations thereunder, the Surety
may promptly remedy the default, or shall promptly
1) Complete the Contract in accordance with its terms
and conditions, or
2) Obtain a bid or bids for completing the Contract in
accordance with Its terms and conditions, and upon de-
termination by Surety of the lowest responsible bidder,
or, if the Owner elects, upon determination by the
Owner and the Surety jointly of the lowest responsible
bidder, arrange for a contract between such bidder and
Owner, and make available as Work progresses (even
though there should be a default or a succession of
Signed and sealed this
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defaults under the contract or contracts of completion
arranged under this paragraph) sufficient funds to pay the
cost of completion less the balance of the contract price;
but not exceeding, including other costs and damages
for ~hich the Surety may be liable hereunder, the amount
set forth in the fmt paragraph hereof. The term "balance
of the contract price," as used in this paragraph, shall
mean the total amount payable by Owner to Contractor
under the Contract and any amendments thereto, less
the amount properly paid by Owner to Contractor.
Any suit under this bond must be instituted before
the expiration of two (2) years from the dale on which
final payment under the Contract falls due.
No right of action shall accrue on thiS bond to or for
the use of any person or corporation other than the
Owner named herein or the heirs, executors, adminis-
trators or successors of the Owner.
day of
19 87
June
BOB FLORENCE CONTRACTORS, INC.
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D ACCIDENT & I DEMNITY COMPANY
k~dl'~"
Brenda Linze ) Atto~Y-in-Fact
(Sr.,I)
DOCUMENT Ull " PlRrORM"NCl BOND AND lABOR AND M"TERIM P"VMlNT BOND " All. (\J
rfBRUARY 1CJ7U (()." THE AMERICAN INSTITUTE OF "RCHITECTS, 173S N.Y. AVE., N.W., WASHINGTON, D. C. 20006
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