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NOW, THEREFORE, THE CONDITION OF THIS OBLIGATION IS SUCH, that <br /> if the said Principal shall contr-ot, or have constructed, on or before the 1 g t h <br /> day of -'^torch �t 19 87 , the improvements herein descrihc% in accordance <br /> with approvers plans and in c)nformance with City standard specifications, to the <br /> satisfaction of the City Eng'. seer, and shall save the City harmless from any loss, <br /> cost or damage by reason of its failure to complete said improvements, then this <br /> obligation 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 /> performance pursuant to this bond, Principal and Surety agree to pay all reasonable <br /> attorney's fees end costs which are incurred by the City. <br /> SIGNED, SEALED and DELIVEREiJ this 15th day of SPr,tamhnr <br /> 19 86. <br /> Precision Engineering , Inc . <br /> PRINCIYAL � <br /> Pacifi ^ Marine Insurance Company <br /> SURETY / <br /> ATTORNEY IN FACT <br /> Theresa A. Lamb <br /> Form 11!9'. <br />