KNOW ALL MEN BY THESE PRESENTS:
That, We as Principal and as surety, are held and firmly bound unto the Kelleys Island Council, County of Erie and State of Ohio, in the sum of
($ ) Dollars, lawful money of the United States, for the heirs, executors, successors and assigns, jointly and severally, firmly by these presents.
The condition of the foregoing obligation is such that:
WHEREAS, said Principal will make the following improvements. All public improvements and other work as set forth to be done and performed in accordance with the plans, specifications and provisions of the contract executed between said Principal and the Kelleys Island Council for the development and improvements in Subdivision, Village of , Erie County, Ohio.
NOW, THEREFORE, if the said Principal shall fully and faithfully perform all the work specified to be done and performed by the contract executed between the Principal of this Board and in accordance with the plans, specifications and provisions therefore, to which reference is here made, the same being a part hereof, as if fully incorporated herein; then this obligation shall be void, otherwise to remain in full force and effect in law; it being expressly understood and agreed that the liability of the surety for any or all claims hereunder, shall on event exceed the penal amount of this obligation, as herein stated.
The said Surety hereby stipulates and agrees that no modifications, omissions or additions, in or to the terms of said contract or in or to the plans or specifications therefore or any extension of time, shall in any way affect the obligations of said surety on its bond.
WITNESS OUR HANDS THIS day of , 19 .
PRINCIPAL
SURETY
By:
(Ord. 537, passed 7-19-90)