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<br /> t <br /> PAYMENT BOND <br /> SAMPLE <br /> . <br /> <br /> li KNOW ALLMEN BYTHESE PRESENTS, that we <br /> as principal, and as surety, are jointly <br /> and severallyheld and bound unto the CITY OF EUGENE in Lane Count m the sum of <br /> Y $ <br /> ( - ) for the payment of which <br /> we jointly and severally bind ourselves, our heirs, execufors, administrators and assigns or successors and assigns, <br /> firmly by these presents. ~ ~ , <br /> THE CONDITION OF THIS BOND IS SUCH that; whereas the said principal herein has made and.entered into a <br /> certain contract, a copy of which:is attached hereto, with the CITY OF EUGENE which contract, together with the <br /> applicable plans, Standard Specifications, Special Specifications; and schedule of contract prices, is by this reference <br /> made a part hereof, whereby. the said principal• agrees. to 'do in accordance -with the certain terms; conditions, <br /> requirements; plans and specifications which set out in said. contract and all authorized modifications of the contract <br /> . which increase the amount of the work and the amount of contract. Notice to the surety of any of the immediately <br /> foregoing are waived. • <br /> . NOW, THEREFORE, if the principal herein shall make payment promptly, as due to all subcontractors and to all <br /> persons supplying to the Contractor or his subcontractors, equipment, supplies, labor or materials for the prosecution <br /> of the work, or any part thereof, provided for in said contract, -and shall pay all contribution of amounts due its <br /> workers compensation carrier and the State .Unemployment Compensation Trust Fund from such Contractor or <br /> Subcontractors incurred. in the performance of said'contract, and pay all- sums of money withheld from Contractor's <br /> . employees and payable to the Revenue Department; and shall pay all other just debts; dues and demands incurred in <br /> the performance of the said contract and shall pay the CITY OF EUGENE such damages as may accrue to the City <br /> under said contract, thezi this obligation is to be void, otherwise to remain in full force and effect: <br /> Nonpayment of the bond premium will not invalidate this bond nor shall the CITY OF EUGENE be obligated for the <br /> payment thereof _ <br /> WITNESS our hands this day of , 2a <br /> ' • Principal. Principal <br /> By By <br /> .Authorized Oi~icial Signature Authorized Official Signature <br /> ~ • <br /> By By <br /> Authorized Official Signature Authorized Official Signature <br /> Surety By- . <br /> Attorney-in-Fact • <br /> By <br /> Agent... <br /> (A Power of Attorney for <br /> the Attorney-in-Fact must <br /> be attached to this Bond) <br /> Surety's Seal must be Affixed <br /> <br />