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HomeMy WebLinkAbout1577 . • 5t1lt~'Tl~S 138 ~~OURTBBNTR: !n the cvent the Surcty procu~~ ~tie cxecutio~ ot the Ronds Uy othe~ surrtics~ or exccutcs tlie ~ 139 ! sonda with casureties~ or reinsures any ~tion ot r..~J [3omis v?ith reinsuring suretiee, then all the terme and con- i!0 ditions ot this Agreement shall iaure to the beuefit ot such otha suretics. co-aureties and reinsuring turetia. as their 141 intectists may sppee~c. ~ . surrs 142 FtF'tBxrrrtt: Sepa~ate suits may be brought hereunder as rnuses oI action accrue, and the bringing ot auit ~ the 143 raovery oi judgment upon any ca~ase o[ action shall not prejuJice or bar the bringing ot other suits upon othet 14~ causes of acdon~ whether thcretotore or ther~afta arising. • • • • OTIIER INDEIINITY• 145 SixisBHie: That the Contractot and the I~demnitors shail continue ta rcmain bou~d under the terms ot thia 146 Agreement even though the Surcty mAy have (rom iime to time hereto(ore or hereatter~ with ar without notice to cx 147 knowledge ot the Contractor and the Indemnitors. acce~ted or released other agreementa o[ lndemnity or collateral 148 in oonneetion with the execution or procur~ment o[ sa~d Iionds. from the Contractoc or Indemnitors o~ othen. it 149 bein expcrssly understood and.agreed by the Contractoc and the Indemnitora that any and all other rights which 1S0 the ~ty may have or acquir+e against the Contractor and the lndemnitocs and/or others under any auch otha oc 151 additional agreemeata of indemaity or collaterat shall be ia addition to. and aot ia lieu of. the rights a~'ocded the 152 Surety uada this Agreeincn~ . INVALIDITY 153 Ssvst~rS.sNSB: Ia cax any of the pactiea mentioned in this AgTeement fail to execute the same, ar in cas~ the f S4 execution bertot by any o( the es be detective or invalid tor any reasop~ such tailure. detect or invalidit~? shall 15S not ia any ~maaner aQect tbe v'dity of this Agreement or the IiabiGty hereunder oI any of the parties execubng the 156 same. but each and every party ao eacecuting shaU be and remain tully bound ai?d liable hereunder to the same extent 157 as iE auch failuee. delect or inwalidity had not existed. lt is u~xleratood and agreed by the Coniractor and Iademaiwre 1S8 that the rights, power~s, and remedies given the Surety under this A~reement shall be aad are in addition W, and not 159 in lieu of. an~r a~ all other righta, powers, and remedies whic;h the 5urety may have or acquire againat the Contractor 160 and Indeaanitors or others Nhether by the terms of any other agreewent or by operatioa of law or otherwisa AT'I~ORNSY IN FACT _ 161 . Elcarssrrrtt: The Contractor and Indemnitors hereby in~?ocably nomiaate, oonadtute. appoint and dea~gnate f 62 the S~uety as their attorney-ia•lact wit6 the •right, but not the obligaNon, tc+ acerci~e aU of the nghta of t6e Coa- 163 tractor and Indemuitors assigned~ transferrcd and eet over to the Surety in this Agreement.,and in the name of the 164 Contcactor and Indemnitora to make. execute, and deliver any and aU additional or other asagaments, documeats ~ 165 p~pa~s deemed neoessary and pcopa by the Surety in order to give tuU eBect not only to the intent and me~ning 166 of t6e within assignments. but also to the fuU pcot~ction intended to be hereing~ven to the Surcty undar all other 167-provisiona-of-thia-Agreaneat._TLe ~+unira~t~candlnd~cut~aherebv__t~~ify ~LeQ~~_acte aad actions_.taken _ 168 and done by the Surety as such attorney-ia•facL T~RMINAI'IOIY • ~ - ' ' . ~ - ' 169 Nulszssrtrt~:'This Agreement may be terminated by the Contractor or Indemnitors upon tweaty days' arrittea i y0 notioe ~ent by registard mail W the Surety at its hame oP~'ice at Fidelity Bu'ilding. Chazles and L~cin-*ton Streets, 191 Baltimore, Maryland 21203~ but any such notice oE terminatioa shall not operate to modify. bar, oc ~ischarge the 17Z Coatractac or the Indennnit~s as to the Bonds that may have beea theretofoc~e executed. - . 173 1~vsxZtste: This Agreement may not be changed o~ modified orally. No change or modification shaU be effective !74 unlad made by anatten endorsemeat esecuted W form a part haeot. 17S TwsNr~r•Fixsr• - i?6 ; 177 ; , 198 Irt WrrNSSS Was~$oF~ we have signcd and eealed the day and year firat abov~e pritteA. E t e ~ ATTEST OR WITNFSS: ~g'~ ar:r i~:.~..i iw~.. a cA.~ . ~ P. 0. Bo~c 320~Monros~Loui .alaa~a . , % i~ ~ ~ r- - ~ w~~as B,? ~-v~?~S~'~ wi.tne ~ l~~ ~ rr:u.....ai.. ~i z.a~or~ ......(s~st.) ~ M. I.. Co1~+m~sau.~J.r.! Iadleidnal~Y G~ l,~t-!? . -C:6Ls. l ~ ~ ~ . ' ~fiitaesas~.._...._.._..~ . w~l.. (Sssr.) " , ~w.o r~.e..a ~aiw. ~c t.i~..wo~~ ~ ~ ~~~J[ ~..~a~ ~ ° _`~°~~~7' ~ irTitttesa s. _ s ~ ~ a-,•.-- ~ - ~a it~....~ A4~.».t T.iee,l~o.~ + ~ - ~lalter B. _ HaTVOy, Individually ~ ~ ~ , B .~L ' ~ . - _ , .~...(Ss~.) . y ~ _ ,s~,,,;;~-~ ; ~f.~j ~'f~ ( ~ ~ - ~ • - . _ ~ • ~ FIDELITY AND DEP06I . PAN~~f~~4i ` ~ ~ , . ~ ~ : e€~1• :4. ~ ~3 ~ ~F _ ~ ~ - / ' ~ = , ~ ' : .r c...-G`~~-~..~ . By ; - (Sa~r.) ~ J. •K. Bur:.......~. w.~......_.. W. D. v• i:: - ~ / ~y~ , i b • ~ ' - ~ { , J S ~ ~ * ~ S ~ ^'4«+ ''r - ~ r ~ ' ~`ah ~ ' ~s~:,f~~.~~~{''._~`.~^~ ~ _ ~ ~~j~~'R ~.~;Z~` ~ ~ ~ - - . ~ . _ _ ~ x.-~ , _ ` r ~ . _ : ~ ___K Y..