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General Contractor Bond - City of Auburn, Alabama - Indemnity Bond (General Contractors)

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General Contractor Bond - City of Auburn, Alabama - Indemnity Bond (General Contractors). This product has multiple versions. Please select one using the Choose a Version box.

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Surety: Merchants Bonding Company

City of Auburn, Alabama INDEMNITY BOND (GENERAL CONTRACTORS) STATE OF ALABAMA Bond No. _____________________ LEE COUNTY KNOW ALL MEN BY THESE PRESENTS, that we, ________________________________________ ____________________________________________________________ (hereinafter called "Principal"), and ___________________________________, a corporation chartered and doing business under the laws of the State of ______________ and authorized under the laws of the State of Alabama to act as surety on bonds, as Iowa Surety (hereinafter called "Surety"), are held and firmly bound unto the City of Auburn, Alabama, in the sum of: __________ $1,000 (for General Contractors making contracts no one of which amounts to $20,000), or __________ $5,000 (for General Contractors making contracts any one of which amounts to $20,000 or more), to be paid the City of Auburn, Alabama, for which payment well and truly to be made, we bind ourselves, our successors, and several respective heirs, executors, administrators and assigns, jointly and severally, firmly by these presents. WHEREAS, on March 5, 1974, the City Council of the City of Auburn, Alabama, did by Ordinance Number 836 adopt the Southern Standard Building Code (1973 Edition); and whereas Section 106.2 of the said building code reads as follows, to-wit: 106.2 - CONTRACTOR'S LICENSE AND BOND REQUIRED It shall be the duty of every contractor or builder, who shall make contracts for the erection or construction or repair of buildings for which a permit is required, in the City, and every contractor or builder making such contracts and subletting the same, or any part thereof, to pay a license tax as provided in the general license ordinance, and to register his name in a book provided for that purpose, with the Building Official, giving full name, residence and place of business, and in case of removal from one place to another in the City to have made corresponding change in said register accordingly; and it shall be the further duty of every such person to give good a sufficient bond as required by Ordinance No. 885, to be approved by the City Attorney, conditioned to conform to the building regulations, the regulations of this section and other ordinances of the City in reference to buildings. NOW THEREFORE, the condition of this obligation is such that if the Principal will faithfully perform all work and will comply with and observe all ordinances, rules and regulations of the City of Auburn, regulating construction work, pay all licenses, taxes, permits and inspection fees accruing (3/04) thereto and will save the City of Auburn, Alabama, harmless from all loss, damage or injury resulting from any work done, or any neglect or omission incident thereto by such person or his agents, servants or employees, or from improper material used therein, and shall restore to like condition to that found any street, alley, sidewalk, or other property and keep the same in good repair for one year, this obligation shall be void; otherwise to remain in full force and effect. Sealed with our seals this _______________ day of ________________ 20______. IN WITNESS WHEREOF, the said ________________________________________________, as Principal herein, has caused these presents to be signed in its name by its _______________________ ____________________________ and attested by its ________________________________________ under its corporate seal, and the said _______________________________________, Surety herein, has cause these presents to be signed in its name by its attorney-in-fact and attested by its _______________________________________________, under its corporate seal, this _________________ day of _______________________, 20______. __________________________________ BY __________________________________ Attest As Principal _____________________________________ (L.S.) __________________________________ BY __________________________________ Attest Attorney-in-Fact (SEAL)

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