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1: • <br /> NOW, 'iHERL•'FORE, THE CONDITIOtQ OF THIS OBLIGATION LS SIICH, th�it <br /> it ihe said Principe�lpshall construct, or have constructed, on or before the 1 nth <br /> d3 OL �'MIdMCh �11� <br /> y , 19 87 , the improvements herein described in accordance <br /> with epproved plans 3nd [rt conformence with City standard specifications, to the <br /> satisfaction of the City Engineer, and shall save the City hermless trum any losr, <br /> cost or damage by reason at iLv failure to complete said improvements, then t7L7 <br /> obligntion shall be null and void; otherwise to remain in full force and effect. <br /> In the event the City is required to institute lttigation to obtain <br /> performance pursuant to this bond, Principal and Surety agree to pey all reasonable <br /> ettorney's fees and costs which nre incurred by the City, <br /> SIGNED� SEALED flnd DELIVERED this 15th dgY af Cantamhar � I <br /> 19 86. � <br /> , <br /> Precision Engineering, Inc. <br /> I <br /> �� �..�-� ; <br /> P RIN CIP AL � <br /> f <br /> Facific t4arine Insurance Company <br /> SURETY <br /> ,? n �� �- i <br /> ATTORNEYINFACT <br /> Theresa A. Lainb � <br /> r <br /> -2- <br /> Form il!82 <br />� <br />