The Chronicle-star combined with the Moss Point advertiser., 1944-08-18
THIS AGREEMENT, made and

second part,
WITNESSETH:
That the first party, for the
consideration. hereinafter fully
set out hereby agrees with
the second party as follows:
l That the first party shall
furnish all Of the equipment, ma
terials and labor required, and
perform all Of the work in the
manner and form provided by
the accompanying specifications
and other documents, which are
hereto attached and made a part
hereof as fully as If contained
herein, and which consist of the
following for Waterworks Ele-
waited Storage Division B:
/. Notice to contractors
O. Instruction to Bidders
3. Proposal
a. General Conditions
s. Detailed Specifications
g. Contract
Z. Bond
g. Drawing Sheets Nos.
and
2. The second party hereto
agrees to pay to the first party
for the faithful performance OF
this agreement, subject to addi-
tions and deductions as provid-
ed for in the above mentioned
documents, in lawful money of
the United States of America,
such amounts as become due to
the first party for work actually
performed under this agreement,
at the unit prices stated in the
attached and foregoing proposal;
the approximate amount of which
is estimated at Six Thousand
Eight Hundred Eighty Eight &
74/100 Dollars CSC, ,888.74.) 1t being
understood and mutually agreed
by the parties hereto that the
specification items of work to
be performed hereunder, as well
as the exact amounts Of each item
cannot be predetermined and
that the unit prices stated in the
proposal will prevail.
3. On or before the 18th of
each calendar month, the second
party shall make partial payment
to the first party on the basis
of a duly certified and approved
estimate of work performed dur
ing the proceeding calendar
month by the first party, less ten
percent (l0%) Of the amount of
such estimate which is to be re-
tanned by the second party until
all work has been performed
strictly in accordance with this
agreement, and until such work
has been accepted by the second
party.
Similar payments will also be
made for materials which have
been received on the site and
which have been inspected and
approved and are properly stor-
ed, in amounts not to exceed
90% of the value of such mate
rials.
A. Upon submission by the
first party of evidence satisfac-
tory to the second party that all
payrolls, material bills and other
cost incurred by the first party
in connection with the construe-
tion of the work have been paid
in full, final payment on account
OF this agreement shall be made
within go days after completion
by the first party of all work
covered by this agreement and
the acceptance of such work by
the second party.
SECTION 6
5. 1t il further mutually
agreed between the parties here
to that if at any time after the
execution of this agreement and
the surety bond hereto attached
for its faithful performance. the
second party shall deem the sure
ty or sureties upon such bond to
be unsatisfactory, or If, for any
reason. such bond ceases to be
adequate to cover the per
formanee of the work. the first
party shall at its expense. with
in five days after the receipt of
notice from the second party so
to do. furnish additional bond or
bonds in such form and amount
and with such surety or sureties
as shall be satisfactory to the
second party. In such event no
further payment to the first party
shall be deemed to be due under
this agreement until such new or
additional security for the faith
full performance of the work shall
be furnished in manner and form
satisfactory to the second party.
IN WITNESS WHEREOF the
parties hereto have executed this
agreement on the day and date
first above written, in two coun-
terparts. each of which shall
without proof or accounting for
the other eounterparts, be deem
ed an original contract.