The Chronicle-star combined with the Moss Point advertiser., 1945-12-07

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ig45' by and between tine Chicago
Bridge & Iron Company, Party of the
First Part. snd the City of Pascagouia.
Miss. Party of the Second Part.
WITNESSETH?
That the first party FOR the consid-
| GRAFTON hereinafter fully set out, here
Dy agrees with the second party as
follows:
nish all Of the equipment, materials
and labor required. and perform all
the work in the manner and form re-
CURED by the accompanying specifi-
cations and other documents which
| are hereto attached and made a part
hereof as fully as If contained herein,
all covering the erecting of a new
elevated steel tank and tower on ex-
/ isting Beach Water Tank Foundations
in the City of P~ascagoula. Miss, on
Union Street, together with the dis
possl of the existing tank and tower;
!. Notice TO Contractors
2 instruction to Bidders
3. Proposal
Special Provisions
S. Detailed Specifications
6. Contract
z. Contract Bond
8. Plans and Drawings
2. The second party hereby agrees
to pay TO h first party for the faith
ful performance of the this agreement,
subject to additions and deductions as
provided for in the above mentioned
documents. in lawful money of the
United States of America. such
amounts as may become due to the
first party for work actually per-
formed under this agreement, at the
| unit prices stated In the attached and
foregoing proposal, the approximate
| amount of which Is estimated Ut
TWENTY-FIVE THOUSAND FIVE
/ HUNDRED TWENTY & NO1100 DOL
LARS ISIS. $4,000.
3. On or before the 18th of each
calendar month. the second party
shall make partial payments to the
| first party ON the basis of the duly
| work performed during the proceed.
ing calendar month by the first party,
less ten percent u0Gsb OF the amount
of such estimate which is to be re-
| tanned by the second party until all
the work has been performed strictly
In accordance with this agreement,
and until such WORK has beeli &C
! cepted by the second party. Similar
payments will also be made for ma
terials which have been received on
the site and which have been in
spected and approved by the Engin-
Ger and are properly stored, In amounts
not to exceed g0% of the value OF
such materials, Title TO the materials
which have been properly certified by
the Engineer shall pass to the City
upon payment: however, the contractor
shall remain responsible for the safety
and storage of said materials after
payment until use.
4. Upon submission by the first
party of evidence satisfactory TO the
second party that all pay rolls, ma
terials bills and other costs incurred
by the first party in connection with
the construction of the work have
been paid in full, final payment on
account OF this agreement shall be
made within 90 days after the COM
pletion by the first party of all Work
covered by this agreement and The
acceptance of such work by the sec.
ond party. The work shall be subject
to the approval OF h Engineer, "
j.. Simmons.
S. The Contractor agrees to COM
mence work under this contract on Q
date to be specified in a written
Work Order issued by the Engineer
and to fully complete all work REQUIRED
hereunder within 200 consecutive
calendar DAYS from said date
G. 1t is further mutually agreed be-
tween the parties hereto that II a.
any time after n execution Vi lHi'
agreement and surety bond hereto at
tachcd for its faithful performance
the second party shall deem the sure
ty or sureties upon such bond to bt
unsatisfactory. or if. for any reason
such bond ceases TO be adequate e
cover the performance of The work
the first party shall at its expenses
within 5 DAYS after the receipt OF no
tice from the second rarty so to 90
| furnish an additional bond in sucf
form and amount and with such sure
ty or sureties as shall be s~atisfactor,
I o the second party.
In such events no further paymen
to the first partv shall be deemee
10 be due under this agreement n
/ such new or additional security FOL
the faithful performance of the worl
shall be furnished in the manner ant
form satisfactory to the second party
IN WITNESS WHEREOF, the parties
hereto have executed this ~agreeinen
on the day and date. first above writ
ten, In two counterparts. each o
which shall without proof or account
ing for the other counterpart, o'
deemed an original contract.
Attest: -".-.A...'''-