05/20/1919 Board of Public Works Minutes

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687 The said .party of the f irst part agrees to do and execute said work at times and .places as des igua.ted by the Street Commissioner of said City, and under his direction. And it its should fall and refuse to do the same, as by the terma of this contract required, then said pasty of the see,ond party may at its opttion terminate this agreement, And if said party of the first part should . Bail to perform this agreement or any of its terms and conditions, or if he shall fail to do any work within one week after he is directed so to do,(except where shortage of materials is caused by , ra ilroad strike or freight embargo), then he agrees to pay said party of the second part the sum of fifty and no/100 dollars (50.0.0) as liquidated damages for such failure, and said party of the second part may retain said sum out of any money due said 'party of the f Ira part, sa Id sum to be 'pa id to se, id f irst party upon the c omplet ion of the work to be -d one under this c ontract. And in addition to said sum above raferred to, the said party of the f first pert further agrees to give One Thousand ($1,000.00) Bollars b -ndd with a good and stiff scent 'surety thereon to be a; -proved by the Hoard of Public Works of said City for the faithful performance of this contract. IN WITNESS WHEREOF, the parties here unto set their hands in duplicate on the day and year first above mentioned. ° LOREN H. VANDER KARR ONTRACTOR ° CITY ' OF SOUTH Br 3D, II D IAXA. HARVEY F. ROSTISER Board of Pub 1 is Works. CONSTRUCTION BONDO Knorr all men by these presents, That Loren H. Vander Karr of the County of St. Joseph State of Ind Tana, aspr inc ipal and Guy Staples and Walter Hildebrand of the County of St. Joseph and -State of Indiana, as sureties are held and firmly bound to the City of. South Bend, Indiana, in the sum of One Thousand Dollars ($L,000.00) Dollars for the payment of which, well and truly to be made, we jointly and severally bind oyrselves, our heirs. executors, administrators and assigns,, firmly by these presents. The conditions of the obligation are such that if the above named Loren H. Vander Karr shall faithfully comply with the foregoing„ contract, •made and entered into the 14th. , day of May 1919 with the City of South Bend, Indiana for the repair of as pha It pavement in City for year 1919 to 1920 and shall fulfill all the e 4nd it ions and st ipulat ions therein contained, according to the true intent and meaning thereof, in all respects, then this obligation to be void , otherwise to be and remain in full force and virtue in law. In the event the said City shall extend the time for the c omplet ion of said work, such extension shall not in any way release the sureties on th is bond. This shall be a 3onstruction bond, and the sureties on the games, shall not be held resemble for the maintenance and repair of the improvement after it has been accepted by the-secondparty; °but °such ° sureties shall b held responsible - for the faithful c omplianee .with all . other . ,o and it ions v stdpulat ions and requirements covet ad by or set out in the °contract. ... WITNESS OUR bands and seals this 20th, , day of May 1919.. GUY D. STAPLES LOREN H. VANDER KARR. WALTER D. HILDEBRAND The above bond approved this 20t h. , day of May 1919. G. A. ELLIOTT HNHNEY F. ROSTISER JOHN F. DEHAVEN Board of Public works.