Chapter 7. CITYWIDE SOLID WASTE COLLECTION AND RECYCLING SERVICES

§ 7-280. Bond.

Latest version.

(1)

Performance bond: As security for the services as stated herein, the contractor shall provide the city a two hundred fifty thousand dollar ($250,000.00) performance bond that is annually renewed prior to the end of each covered year. The contractor shall pay any and all premiums for the performance bond described above. A certificate from the surety showing that the bond premiums are paid in full shall accompany the bond. Such certificate shall be submitted to the city with the bond on an annual basis. The surety on the bond shall be a duly authorized corporate surety to do business in the State of Texas.

(2)

Power of attorney: Attorneys-in-fact who sign bonds must file with each performance bond a certified and effectively dated copy of their power of attorney.

(Ord. No. 1506, § 2, 5-18-10)

                    
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