Performance Bond

Ends 2019-07-23 02:00:00 PM

                                                                PERFORMANCE BOND 

                KNOW ALL MEN BY THESE PRESENTS:  That ____________________________ of the city of _______________________ county of ___________________ and state of___________________, as Principal, and ________________________authorized under the laws of the state of Texas to act as Surety on bonds for Principals, are held firmly bound unto the City of Texarkana, Texas, and Texarkana, Arkansas, (OWNER), in the penal sum of (______________________) for the payment whereof, the said Principal and Surety bind themselves, and their heirs, administrators, executors, successors and assigns jointly and severally, by these presents.

                WHEREAS, the Principal has entered into a certain written Contract with the Owner, dated the ________day of _________________, 20_____, to deliver the following Chemical(s) as per Proposal and Specifications:  (Check all that apply.) 

ITEM I:                 Sodium Chlorite (per pound)

ITEM II:                Sulphur Dioxide (per ton)

ITEM III:              Powder Activated Carbon (per ton)

ITEM IV:               HTH (100# Containers)

ITEM V:                Caustic Soda (Bulk) Liquid Weight

ITEM VI:               Liquid Chlorine (per pound)

ITEM VII:             Aluminum Sulfate (per dry ton)

ITEM VIII:           Ortho-Polyphosphate (per gallon)

ITEM IX:              Anhydrous Ammonia (per pound)

ITEM X:                Liquid Polymer (per gallon) Water Treatment Plant

                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 faithfully perform said Contract and shall in all respects duly and faithfully observe and perform all and singular the covenanted, conditions and agreements in and by said Contract agreed and covenanted by the Principal to be observed and performed and according to the true intent and meaning of said Contract and the Specifications hereto annexed, then this obligation shall be void; otherwise to remain in full force and effect.

                Surety, for value received, stipulates and agrees that no change, extension of time, alternation or addition to the terms of the Contract, or to the work performed there-under, or the plans, specifications, or drawings accompanying the same, shall in anyway effect its obligation on this bond, and it does hereby waive notice of any such change, extension of item, alteration or addition to the terms of the Contract, or the work to be performed there-under. 

                IN WITNESS WHEREOF, SAID Principal and Surety have signed and sealed this instrument this _______day of _____________, 20____. 

________________________________                                ________________________________

Principal                                                                                  Surety


By:                                                                                                          By:                                                                         



Title                                                                                                         Title



Address:                                                                                                  Address:                                                                 


               _________________________________                               ________________________________________                                   

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