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Manchester, MI Code of Ordinances
MANCHESTER, MICHIGAN CODE OF ORDINANCES
TITLE I: GENERAL PROVISIONS
TITLE III: ADMINISTRATION
TITLE V: PUBLIC WORKS
TITLE VII: TRAFFIC CODE
TITLE IX: PUBLIC SAFETY
TITLE XI: BUSINESS REGULATIONS
TITLE XIII: GENERAL OFFENSES
TITLE XV: LAND USAGE
TABLE OF SPECIAL ORDINANCES
PARALLEL REFERENCES
§ 152.156 PERFORMANCE OR SECURITY BOND.
   (A)   Accrual. The bond shall accrue to the Village Council for administering the construction, operation and maintenance of the improvement.
   (B)   Amount. The bond shall be in an amount equal to the total estimated cost for completing construction of the specific improvements including contingencies as estimated by the Village Engineer.
   (C)   Term length. The term length in which the bond is in force shall be for a period to be specified by the Village Council.
   (D)   Bonding or surety company. The bond shall be with a surety company authorized to do business in the State of Michigan.
(1984 Code, § 5.627)

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