HomeMy WebLinkAbout2776 Bond, F.S. Cleghorn to Town of Lexington for the work of installing a heating and ventilating system in the new Lexington High School, April 16, 1902S.D.-No. 28-'98-3000.
Know all Men by these Presents,
THAT WE, FRANK S. CLEGHORN, doing business in Boston, Mass., under the
style of CLEGHORN COMPANY
and THE CITY TRUST, SAFE DEPOSIT AND SURETY COMPANY OF PHILADELPHIA, Surety, are held
and firmly bound unto the INHABITANTS OF THE TOWN OF LEXINGTON MASS,
in the sum of ONE THOUSAND - (1,000)
dollars, lawful money of the United States of America, to be paid to the said Obligees, their
certain attorney, executors, administrators, successors or assigns : to which payment, well and truly to be made,
we do hereby, jointly and severally, bind and oblige ourselves, our heirs, executors, administrators and successors,
and every of them, firmly by these presents.
Sealed with our seals, dated - the Sixteenth - day of April
in the year of our Lord, one thousand nine hundred and two.-
Whereas, the said Principal did, on the - Sixteenth - day of
-April, A.D. 1902 - enter into and execute a certain Contract
with the said Obligees, WHEREBY said Principal agrees to furnish all the materials
for, and accomplish the work of, installing in the Lexington High School
Building, now in process of erection, a heating and ventilating system and
apparatus therefor, in accordance with the requirements of the specification
prepared by Cooper & Bailey, and heating and ventilating plans submitted by
the said Principal
and the said Obligees having required the Principal to give bond, to protect the Obligees against any
loss rising out of, or by reason of the non-performance of any of the covenants contained in the said Contract
to be performed by the said Principal .
Now the Condition of this Obligation is such, That if the said Principal shall duly and faith-
fully perform and fulfil all and every the conditions of said Contract, above recited on - his - part
to be kept and performed, and shall keep harmless and protect the said ObligeeS from and against all loss by
reason of the non-fulfilment by the said Principal of the convenants contained in the said Contract, to be per-
formed by - him - as aforesaid ; and also against actual loss by reason of any and all claims, defects,
errors, objections, liens and incumbrances, arising from the non-fulfilment by said Principal of said covenants,
then this obligation to be void ; otherwise to be and remain in full force and effect.
This Bond is issued upon the express Condition that all the covenants and agreements contained in the
said Contract, made by the said ObligeeS, and on - their - part to be kept and performed, for the
protection of the said ObligeeS, and of said Surety, shall be strictly kept and performed by the said Obligees.
And upon the further Condition, that if any liability shall accrue on the part of the said Surety, by reason
of this obligation ; after settlement of the same, the said Surety shall be subrogated to all the rights and remedies
with the ObligeeS would have against the Principal in this obligation, or any other person ; and the Obligees
- are - bound, by acceptance of this obligation, to authorize and permit the Surety to use the name of
the said Obligees for the recovery thereof. Should the amount of this obligation not cover the loss of the
Obligees, the Surety shall be interested in such rights with the ObligeeS in the proportion of the amount paid
to the amount of the loss not covered by this obligation.
Frank S. Cleghorn (seal)
The City Trust, Safe Deposit and Surety
Company of Philadelphia
By Walton C. Taft
Resident Vice President
ATTEST: James V Parker
President and Secretary
Sealed and delivered in the
presence of us:
H.E. Barber
200
S.D. - No. 28-'98-3000.
Bond No. ____
F.S. Cleghorn
AND
The City Trust, Safe Deposit and Surety
Company of Philadelphia
TO
Town of Lexington
Amount, $1,000.00
Date, April 16, 1902
2776