|
1 9
<br />Board of Public Works met in regula.r session at 10:00 A.M. Mr. Bastian absent. Mr.
<br />F.E. Lambert acting President.
<br />II. the matter of the bpe-ring of ottowa" Court,' Mr. Dixax,Attorney for the Lkke Shore
<br />and Michigan Southern Ry. and Mr. E. H. Potter, Agent for same, appeared before the Board
<br />There was we action taken.
<br />Plat of Ida Studebaker ,Kuhns & Helen Studebaker Henderson First Sub. Divisioh,presexted
<br />to the Board. The same was referred to the City Engineer for investigation.
<br />j In the matter of bids on Portage Avenue sewer, under Improvement Resolution No. 263.
<br />I . the City of South Beiad, Indiana, there being uo bids �•eceived on the same, the Board
<br />o'rd.e.red same readvertised for bids to be received Tuesday January 20tiri.1,1914.
<br />Bill of Chicago, South Bend & Northern Indiana Ry. Company for. one Yalf of cost for
<br />placinc stone a z South Michigar_ Street allowed. Original expense was $2al.11 one
<br />half 0f same Q ..............................................................�140.56
<br />The -same was approved by the Beard.
<br />BOND
<br />KNOW ALL MEN BY THESE PRESENTS, That Indiana & Michigax Electric Com—
<br />pav, a corporation organized under the lags of the State of Ixdiaxa, ( hereafter called
<br />the principal) and the
<br />UNITED STAVES FIDELITY & GU/'1RkNT_1 Y C0iA?1- 'T_v,
<br />a corporation created and existing under the laws of the State of Maryland; and whose
<br />principal office isloeated in Baltimore State of Marylaxd,(14ereixafter called tip
<br />surety are held and firmly bound unto the municipal City of South Bend, indiaxa, here-
<br />inafter called the obligee), in the full and just sum of
<br />TWENTY—FIVE THOUSAND ($25,000.00 )DOLLARS,
<br />lawful money of the United States, to the payment of which sum well and truly to be made,
<br />the said prinicipal binds itself, its successors and assigns, and the said surety binds
<br />itself, its successors and assigns, jointly and severally, firmly by these presents, for
<br />and during the term begin.Znixg on the 16th., day of December,1913, at xeox, and eAdixg
<br />oq the. 16th., day of December,1914, at a like hour.
<br />Signed, sealed and delivered, l this 16th., day of December,1913.
<br />WHEREAS, said prinicipal entered into a certain written contract with
<br />the obligee, dated November 24th. ,1913, and ratified, by Ordinance No. 1702, of the
<br />Common. Council 4f said City, on December gth.,1913, for the lighting of the streets,
<br />41leys, boulevards and public places of said City, for the period of Ten (10) years,begini
<br />With January .lst.,1915, and all in accordance with certain plans and specifications provi—
<br />ded thereforby said obligee, which plans and specifications are a part of said contract.
<br />NOW,THEREFORE, the condition of the foregoing obligation, is such that
<br />if the said prinicipal shall well and truly indemnify and save harmless the. said ®bligee
<br />from any pecuniary loss resulting from the breach of any of the terms, covenants and
<br />conditions of the said contract on the part of the said principal to be performed then
<br />this obligation shall be void; otherwise to remain in full farce and effect in law;
<br />PROVIDED, however ,that this band is issued subject to the fallowing conditions and provi—
<br />sions:,
<br />That in case of such default on the part of the principal the surety
<br />shall have the right,if it so desire, to assume and complete or procure the completion of
<br />said contract;.and in case of such default, the surety shall be subrogated and entitled to
<br />11 the rights and properties of the principal arising out of the said contract and
<br />Itherrr'ise,including all securites and indemnities theeetefore received by the obligee..'=
<br />and ail deferred payments, retained percentages and credits due to the principal at the time
<br />of such default, or to become due thereafter by the terms and dates of the contrast.
<br />-t
<br />I
<br />
|