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" '4 .. <br /> NCW, THEREFORE, THE CONDITION OF THIS OBLIG�ITIO;i I: SUCH, that <br /> if the said Principa.l shall construct, a� have canstructed, on or before the 7 nth <br /> day of '•M�rch '�;'19 87 , the improvements herein described in accordance <br /> witn approved plans and in conformence with City standard speciftcations, to the <br /> satfsfaction of the City Engineer, and shall save the City harmlesa from sny loss, <br /> cost or damage by reason o[ its failure to complete said inprovements, then this <br /> abliga[ian shall be null and void; otherwise to remain in full force and effect. <br /> In the event the City is required to institute litigation to obtain <br /> periormance pursuant to this bond, Principal and Surety agree to pay all reasonable <br /> e[torney's tees and costs which are incurred by the City. , <br /> SIGNED� SEALED ar�d DELIVERED this 15th dfly of Sar�tamhnr � <br /> 19 86. <br /> Precision Engineering, Inc. <br /> � J �����r`-' <br /> PRIN C iP AL <br /> Pacific t4arine Insurance Company <br /> � SURETY <br /> •� n (G <br /> �1TTORNEY IN FACT <br /> Theresa A. Lamb . <br /> � <br /> -2- <br /> Form 11.�82 <br />