KNOW ALL MEN BY THESE PRESENTS:
That we, , as PRINCIPAL, and the undersigned Surety, are held and firmly bound unto the City of , Oklahoma, hereafter called CITY, in the full sum of Dollars ($ ), for the payment of which, well and truly to be made, we, and each of us, bind ourselves jointly and severally, by these presents.
Dated this day , 20 .
The conditions of this obligation are such that:
WHEREAS, PRINCIPAL has submitted to the CITY a preliminary plat for subdivision of a tract of land described as follows:
AND, WHEREAS, PRINCIPAL has, pursuant to the ordinances of the City of
elected to file this bond in lieu of actual completion of improvements and utilities in the above subdivision.
NOW THEREFORE, if the PRINCIPAL shall, within two (2) years from date of approval of the final plat of the subdivision faithfully install and complete improvements and utilities in the subdivision according to the requirements or ordinances, approved plans, specifications, and subdivision rules and regulations of the CITY, and pay all bills for contractors, subcontractors, labor and materials incurred in completion thereof; and shall hold harmless and indemnify the CITY and all interested property owners against liability, loss or damage by reason of failure of PRINCIPAL to faithfully perform the conditions hereof, then this obligation shall be null and void, otherwise to remain in full force and effect; PROVIDED, however, that actions upon this bond by contractors, subcontractors, laborers, or materialmen shall be limited to six (6) months from and after completion of the improvements and utilities above referred to.
Signed, sealed and delivered the day and year first herein above written.
Principal
ATTEST:
BY
ATTEST:
BY
Secretary
Approved as to form and legality this day of A.D., 20 .
Attorney
Approved by the City Council of the City of this day of A.D., 20 .
ATTEST:
BY
Clerk Mayor