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1 FAITHFUL PERFORMANCE BOND <br /> z <br /> 1 3 <br /> 4 <br /> 5 KNOW ALL MEN BY THESE PRESENTS: <br /> s <br /> 7 THAT WHEREAS, Flag City, L.P. has awarded to <br /> 8 <br /> as <br /> s <br /> 1 10 <br /> 11 principal hereinafter designated as the "Contractor", the attached contract for the work <br /> 12 described as follows: <br /> 13 <br /> 14 FLAG CITY WASTEWATER TREATMENT FACILITIES <br /> 1s <br /> 16 AND WHEREAS, the Contractor is required to furnish a bond in connection with said <br /> 17 contract guaranteeing faithful performance thereof: <br /> 18 <br /> 19 AND THEREFORE, we the undersigned Contractor and surety are held and firmly <br /> zo bound unto the Flag City, L.P. in the sum of <br /> 21 <br /> 22 <br /> 23 <br /> 24 <br /> 25 <br /> 26 <br /> 27 (which amount is not less than 100% of the contract price) to be paid to the said Flag City, <br /> 28 L.P. or its certain attorney, its successors and assigns; for which payment, well and truly <br /> 29 to be made, we bind ourselves, our heirs, executors and administrators, successors, or <br /> 30 assigns, jointly and severally, firmly by these presents. <br /> 31 <br /> 32 THE CONDITION of this obligation is such, <br /> 33 <br /> 34 That if the above-bounden Contractor, his or its heirs, executors, administrators, <br /> 35 successors or assigns, shall in all things stand to and abide by, and well and truly keep <br /> 36 and perform the covenants, conditions, and agreements in the foregoing contract and any <br /> 37 alteration thereof made as therein provided, on his or their part to be kept and performed, <br /> 1 38 at the time and in the manner therein specified and in all respects according to their true <br /> 39 intent and meaning, and shall indemnify and save harmless the said Flag City, L.P., its <br /> 40 officers and agents, as therein stipulated, then this obligation shall become and be null and <br /> 41 void; otherwise, it shall be and remain in full force and virtue. <br /> 42 <br /> 43 As a condition precedent to the satisfactory completion of the said contract, the <br /> 44 above obligation in said amount shall hold good for a period of one (1) year after the <br /> 45 completion and acceptance of the said work, during which time if the above bounden <br /> 46 Contractor, his or its heirs, executors, administrators, successors or assigns shall fail to <br /> 47 make full, complete, and satisfactory repair and replacements or totally protect the said <br /> 48 Flag City, L.P. from loss or damage made evident during said period of one year from the <br /> FAITHFUL PERFORMANCE BOND <br /> C-1 <br />