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  2. Finance Committee - Agenda - 5/17/2017 - P86

Finance Committee - Agenda - 5/17/2017 - P86

By dnadmin on Mon, 11/07/2022 - 10:25
Document Date
Wed, 05/17/2017 - 00:00
Meeting Description
Finance Committee
Document Type
Agenda
Meeting Date
Wed, 05/17/2017 - 00:00
Page Number
86
Image URL
https://nashuameetingsstorage.blob.core.windows.net/nm-docs-pages/fin_a__051720…

CONSTRUCTION PERFORMANCE BOND *106716817

KNOW ALL MEN BY THESE PRESENTS: that
GEORGE R. CAIRNS & SONS, INC.

(Name of Contractor}

8 Ledge Road, Windham, NH 03087

(Address of Contractor)

Corporation . oo.
, hereinafter called Principal,

(Corporation, Parinership or Individual)

and TRAVELERS CASUALTY AND SURETY COMPANY OF AMERICA
. (Naine of Surety)

AGENCY: P.O. Box 511, Concord, NH 03302-0514

(Address of Surety)
hereinafter called Surety, are held and firmly bound unto

CITY OF NASHUA, PURCHASING DEPARTMENT
(Name of Owner}

229 Main Street, Nashua, NH 03061

(Address of Owner)
hereinafter called OWNER, in the total aggregate penal sum

of ONE MILLION SIX HUNDRED FIFTY
THREE THOUSAND ONE HUNDRED SEVENTY FIVE AND NO/M00THS---- Dollars, $ 1,653, 175.00 )
Ci

in lawful money of the United States, for the payment of which sum well and truly to be made,
we bind ourselves, our heirs, executors, administrators successors, and assigns, jointly and

severally, firmly by these presents.

THE CONDITION OF THIS OBLIGATION is such that whereas, the Principal entered into a
certain contract with the OWNER, dated 47
the day of 20 a
copy of which is hereto attached and made a part hereof for the construction of:

CROWN ST PARK AND RIDE CONSTRUCTION - NASHUA 13117

NOW, THEREFORE, if the Principal shall well, truly and faithfully perform its duties, all the
undertakings, covenants, terms, conditions, and agreements of said contract during the original
term thereof, and any extension thereof which may be granted by the OWNER, with or without
notice to the Surety and during the one year guaranty period, and if the PRINCIPAL shall
satisfy all claims and demands incurred under such contract, and shall fully indemnify and save
harmless the OWNER from all costs and damages which it may suffer by reason of failure to do
so, and shall reimburse and repay the OWNER all outlay and expense which the OWNER may
incur in making good any default, then this obligation shall be void: otherwise to remain in full
force and effect.

PF- 1] of 2

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Finance Committee - Agenda - 5/17/2017 - P86

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