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HomeMy Public PortalAboutORD07583 t 1 l � �• '... ". y I A.I. BILL N0. ��- INTRODUCED BY COUNCILMEN: ORDINANCE NO. 15?,3 AN ORDINANCE OF THE CITY OF JEFFERSON, MISSOURI, AUTHORIZING THE CITY TO OBTAIN A CORPORATE SURETY BOND IN THE A401M O'P ONE THOUSAND ($1,000.00) DOLLARS, PAY THE PREMIUM THEREFOR, AND FILE THE BOND WITH THE STATE HIGHWAY COMMISSION OF MISSOURI. BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF JEFFERSON, MISSOURI, AS FOLLOWS: Section 1 . The Mayor of the city shall, on behalf of the city, obtain a corporate surety bond in the penal sum of One Thousand ($1, 000.00) Dollars and cause said bond to be filed with the State Highway Commission of Missouri . ® Section 2. The form of said bond shall be as follows: (Insert form) • i f F i k Rev. 7-54 PERFORMANCE BOND KNOW ALL MEN BY THESE PRESENTS that we, of as principal, and Of , as surety, are held and firmly bound unto the State Highway Commission of Missouri in the penal sum of One Thousand Dollars ($1,000), good and lawful money of the United States, to be paid to the State Highway Commission of Missouri, its successors or assigns, for which payment well and truly to be made, we bind ourselves,- our agents, our heii;s', executors, administrators, successors and assigns, jointly and severally, firmly by these presents. Sealed with our seal and dated this day of 19 . WHEREAS, the above oounden. principal has applied and will apply to the State Highway Commis- sion of Missouri for permission to locate and maintain facilities on or across certain state highways in Mis- souri and agrees to construct and maintain all said facilities and all attachments as near the right-of-way line as possible or at such places as the Chief Engineer of the State Highway Commission or its District Engineer shall designate, and agrees not to trim or cut any trees or shrubs within or along any state highway right-of-way without detailed written permission of the District Engineer therefor, and agree--; further to move, at the principal's expense, as soon as practical after request from the District Engineer, said facilities or any part thereof to such new location within the right-of-way as the District Engineer may designate, and will always install and maintain said facilities and fixtures to the satisfaction of the District Engineer and in such a way as to not be a hazard to the traveling public or interfere with the maintenance of the highway. NOW, THEREFORE, the condition of this obligation is such that if the said principal, its successors, assigns, executors, administrators, employees, agents or contractors shall at all times as long as any part of said facilities or fixtures remain within a state highway duly observe and perform all and singular of the agreements, covenants and conditions as above set out to be observed and performed by said principal, then this obligation shall be void, otherwise to remain in full force d effect until ninety (90) days after written notice of termination or cancellation shall bL give a Chi Engin of the St ig ay Com- mission by the surety. Principal By U__ cial Title Attest: Secretary SEAL Surety By SEAL Attorney-in-Fact NOTE: Power of Attorney for persons signing for surety company must accompany this bond. 1 CORPORATION ACKNOWLEDGMENT State of ) as. County of ) On this day of , 195—, before me appeared to me personally known, who, being by me duly sworn did say that he is the of and that the seal affixed to the foregoing instrument is the corporate seal of said corporation, and that said instru- ment was signed and sealed in behalf of said corporation by authority of its board of directors,.and said. acknowledges said instrument to be the free.act and deed of said cor- potation. Notary Public My Commission expires INDIVIDUAL ACKNOWLEDGMENT State of ) ss. County of ) On this day of 195,, before me personally appeared to me known to be the person described in and who executed the foregoing instrument, and acknowledged that he executed the same as his free act and deed. Notary rubric My Commission expires 2 ' r ® Section 3. The premium for the bond shall be paid by the city and the bond shall be renewed annually. Section 4. This ordinance shall take effect and be in force from and after its passage and approval . Passed: �- / Approved: 2i 2— resident of Council Mayor Attest: City Clerk