Indemnity Bond Form - City Of Auburn, Alabama printable pdf download

City of Auburn, Alabama

INDEMNITY BOND

(GENERAL CONTRACTORS)

STATE OF ALABAMA

Bond No. _____________________

LEE COUNTY

KNOW ALL MEN BY THESE PRESENTS, that we, ________________________________________

____________________________________________________________ (hereinafter called “Principal”), and

___________________________________, a corporation chartered and doing business under the laws of the

State of ______________ and authorized under the laws of the State of Alabama to act as surety on bonds, as

Surety (hereinafter called “Surety”), are held and firmly bound unto the City of Auburn, Alabama, in the sum of:

__________ $1,000 (for General Contractors making contracts

no one of which amounts to $20,000), or

__________ $5,000 (for General Contractors making contracts

any one of which amounts to $20,000 or more),

to be paid the City of Auburn, Alabama, for which payment well and truly to be made, we bind ourselves, our

successors, and several respective heirs, executors, administrators and assigns, jointly and severally, firmly by

these presents.

WHEREAS, on March 5, 1974, the City Council of the City of Auburn, Alabama, did by Ordinance

Number 836 adopt the Southern Standard Building Code (1973 Edition); and whereas Section 106.2 of the said

building code reads as follows, to-wit:

- CONTRACTOR’S LICENSE AND BOND REQUIRED

106.2

It shall be the duty of every contractor or builder, who shall make contracts for the erection or construction

or repair of buildings for which a permit is required, in the City, and every contractor or builder making such

contracts and subletting the same, or any part thereof, to pay a license tax as provided in the general license

ordinance, and to register his name in a book provided for that purpose, with the Building Official, giving full name,

residence and place of business, and in case of removal from one place to another in the City to have made

corresponding change in said register accordingly; and it shall be the further duty of every such person to give good a

sufficient bond as required by Ordinance No. 885, to be approved by the City Attorney, conditioned to conform to

the building regulations, the regulations of this section and other ordinances of the City in reference to buildings.

NOW THEREFORE, the condition of this obligation is such that if the Principal will faithfully

perform all work and will comply with and observe all ordinances, rules and regulations of the City of

Auburn, regulating construction work, pay all licenses, taxes, permits and inspection fees accruing

Indemnity Bond Form - City Of Auburn, Alabama