7-Attachment K - Payment Bond.pdf

Attachment K

PAYMENT BOND

Texas Department of Insurance 1-800-578-4677 BOND NUMBER _______________________ Pursuant to Texas Government Code 2253.001, et. seq, as amended

STATE OF TEXAS

COUNTY OF HARRIS

KNOW ALL MEN BY THESE PRESENTS:

That________________________, address:______________________________, phone: (___)_______________, Hereinafter called the Principle; and ______________________________, mailing address:

___________________________________________________, physical address:

____________________________________________________, phone: ______________________, a corporation;

existing under and by virtue of the laws of the State of ______________________ and authorized to do an indemnifying business in the State of Texas, and whose principal office is located in the City of __________________________, State of __________________________, whose registered agent residing in the State of Texas, authorized to accept service in all suits and actions brought within said State, is (individual’s name): ______________________________________, mailing address: ______________________________________________________, physical address:

___________________________________________________________________________, phone:

_______________________, hereinafter called Surety, are held and firmly bound unto the County of Harris, State of Texas, in the full sum of _____________________________________Dollars______________ for the payment whereof, the said Principal and Surety bind themselves, and their heirs, administrators, executors, successors and assigns, jointly and severally, firmly by these presents.

WHEREAS, the Principal has entered into a certain written contract with the Obligee, dated the day of , 20___, for Job __________, which contract is hereby referred to and made a part hereof as fully and to the same extent as if copied at length herein.

NOW, THEREFORE, THE CONDITION OF THIS OBLIGATION IS SUCH, that if the said Principal shall pay all claimants supplying labor and material to him or a subcontractor in the prosecution of the work provided for in said contract, then, this obligation shall be void; otherwise to remain in full force and effect.

PROVIDED, HOWEVER, that this bond is executed pursuant to the provisions of, Texas Government Code 2253.001, et.

seq, as amended, and all liabilities of this bond shall be determined in accordance with the provisions of said article to the same extent as if it were copied at length herein.

IN WITNESS WHEREOF, the said Principal and Surety have signed and sealed this instrument this ___________ day of ________________________, 20 _________.

Accepted and Approved on behalf of Harris County _________________________________on ________________________________, 20 __________

(Principal)

By:

(Corporate Surety)

Countersignature:

By:

(Attorney-in-fact)

Agency Name:

Address:

License No.:

Phone No.: