The Grenada sentinel. [volume] (Grenada, Miss.) 1868-1955, 1904-06-11
otherwise to remain in full force and

otherwise to remain in full force and
effect:
This bond is executed by the Surety
upon the following express conditions,
which shall be conditions precedent to
the right of the Owner to recover
hereunder.
The Owner shall keep, do and per-
form each and every, all and singular,
the matters and things set forth and
specified in said contract, to be by the
Owner, kept, done and performed and
exclusively at the times and in the
manner as in said contract specified;
The said Surety shall be notified in
writing OF any act on the part of said
Principals, or their agents or employ
eeS, which may involve a loss for
which the said Surety is responsible
hereunder, Immediately after the oc-
currence of such act shall have come
to the knowledge OF said Owner, or to
any representative duly authorized to
oversee the performance Of said con-
tract; and a registered letter mailed
to the President Of said Surety, at its
principal Office in Baltimore City,
Maryland, shall be the notice required
within the meaning of this bond;
If the Principals shall voluntarily
abandon said contract, or be lawfully
compelled by the Owner to cease oper-
ations Hereunder, by reason of the
non-performance Of any of its terms
or conditions by the Principals. then
the Surety shall have the right, in its
option to assume the said contract and
to Sublet or complete the same; and if
said contract shall be assumed by the
Surety, then as such contract is duly
performed, any reserve, deferred pay
ments and all other monies provided
by said contract to be paid to the
Principals, shall be paid to the Surety
at the same times and under the same
conditions as by the terms thereof,
such monies would have been paid to
the Principals had the contract been
duly performed by them. And If said
Owner shall complete or relet the said
contract, then any forfeitureS provid-
ed in said contract against the Prin-
cipals, shall not be operative as
against the Surety, but all reserves,
deferred payments and all other mon !
les provided in said contract, which !
would have been paid to the Princi- !
pals had they completed the contract
in accordance with its terms, shall be
credited upon any claim the said Own
er may make upon said Surety.
The Surety shall not be liable under
this bond to any one except the own
er, but it is agreed that the Owner,
in estimating his damage, may include
the claims of mechanics and material
men, arising out Of the performance
of the contract, and paid by him only
when the same, by the Statutes of the
State where the contract is to be per-
formed, are valid liens against his
property.
The said Owner shall retain the
last payment and reserve due said
Principals until the complete perform
ance by said Principals of all the
terms, covenants and conditions of the
contract on said Principals part to be
performed, and until the expiration of
the time within which liens OF notices
of liens may be filed, by reason of any
thing done in or towards the perform
ance of said contract, and until the
cancellation and discharge of such
liens, if any; and said Surety shall be
notified, in writing, before said last
payment shall be made or said reserve
paid;
The Surety shall not be liable for
any damages resulting from an Act of
God, or from a mob, riot, civil COM
motion or a public enemy; or from so
strikes" or labor difficulties;
or from fire. lightning, tornado or cy
clone; and the Surety shall not be liza
BILE for the reconstruction or repair Of
any work or materials damaged or de-
StrOyed by said causes or any of them;
Thatany suits at law or proceed
ingS in equity brought on this bond to
any claim hereunder, must be
instituted within six months after the
first breach of said contract;
The said Surety shall not be liable
for an amount in excess of the penalty
Of this bond.
In testimony whereof, the said
Principals have hereunto set their
hands and seals, and the said Surety
has caused this instrument of writing
to be signed by r. f. Manly, Attor-
ney-in-fact, and its Corporate Seal to
be hereunto affixed, the day and year
first above written.
Signed, sealed and delivered in the
presence of DOBsoN ii. BYNuM,
f. M. DoBsON,
B. G. BYNUM,
Principals.
and Deposit Company of
Maryland.
Attest: Benz. B. Smith.
By r. +. Manly, Attorney-in-fact.
Examined by and approved by j. S.
King, Chancery Clerk, and A. Olson,
President Board Supervisors, Grenada
Mississippi, June 6, 1904.