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357 <br />It is further agreed ttzi and stipulated that the contractor shall give to <br />residents of said city - and county preference in the employment of all labor necessary <br />in the performance -of this contracto, and failing to do so shall forfeit to the City <br />the sum of Ten Dollars for -each failure to observe this stipulation. <br />And upon the performance of ,all • the' t erms • and c and it ions of this cox-, <br />tract, and things to be done and performed by said contractor the said city agrees to cause <br />the cost of doing such work to be assessed; , collected and paid to said contractor in the <br />manner ,fixed bybthe statute governing the making of such improvement. <br />To each of the cond it ions and st ipulat ions of this contract, x#xtjc inc lud iag <br />all and singular the prov is ions and terms . of , the , plans, profile, specifications, and <br />resolution aforesaidm the undersigned, .binds ,himself or itsetlf, and the respective <br />succesor. or. ass igns if such parties. <br />IN TESTILONY WHEREOF, We, ,thq , f _ggiE g ,44mcd parties, hereunto set oun <br />hands this llth. day of January 1917. <br />STARM & ACKER14AN <br />By S... U. ACKERItAii, <br />Contract or.. <br />CITY OF SOUTH BEND, IND IANA. <br />ffY A . H. RICE <br />JOHN B. WEBER <br />Its Board of Pub 1 is Works. <br />4 <br />CONSTRUCTION BOND. <br />KNOW ALL MEN BY THESE PRESENTS, That we Staples &;fAckermax of the <br />County of St. Joseph, State of Indiana, aspr inc ipal, and American Surety Company of <br />New York, of the. C outny of State of 'New York as suret ie s , are hold <br />f and firmly bound to the City of South Bend, Indiana; in the sum of One Thousand One <br />Hundred forty five Dollars ($1,145.00) for the payment of which, well and truly to be <br />made, we jointly and several bind ourselves, our heirs, executors, administrators and <br />assigns firmly by these presents. <br />The c and it ion of the obligation are such that if the above named <br />Staples & Ackerman shall faihhfully comply with the foregoing contract, made and entered <br />into the llth. day of January 19-17 with the City of South Bend; Indiana., and shall <br />fulfill 11 the _ c and it ions and stipulations therein contained, according to the true <br />intent and maening thereof, in all respects, then this obligation to be void, . otherwise <br />to be and remain in full force and virtue in law. In the event the said city shall ex- <br />tand' the time for the c omplet ion of said work, such ext ens ion shall .not in any way, <br />release the sureties on this bend. <br />This shall be a construction bond, and the sureties on the -same shall <br />not be held responsible for the maintenance and repair of the improvement after it has <br />been accepted by the sec and -party, but such sure it ies shall be held responsible fr the <br />faithful compliance with all other c and it ions, stipulations and requiremexts� covered by <br />or set out in the contract.* <br />WITNESS OUR HNDS AND SEAM THIS llth. day of January 1917. <br />AMERICAN SURETY C0UPANY OF NEW YORK <br />JY FRANJN E. LAMBERT STAPLES & ACKERMAN <br />esiden ice President. By S. U. Ackerman, <br />Attest: Hugh P. Duimahoo, <br />Resident Assistant Secretary. <br />The above bond approved this 16th. day of Jnuary 1917 <br />A.: H. RICE <br />JOHN B. WEBER <br />Bard of Public Works. . <br />