The Chronicle-star combined with the Moss Point advertiser., 1947-08-29
Legal Notices
Continued from Page Severn

- 9SN1AA
4. Contract
5. Bond
6. Plans
2. The second party hereby agrees
to pay to the first party for the faith
full performance of 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 become due to the first party for
work actually performed under this
agreement, at the unit prices stated
in the attached and foregoing pro-
posal. the approximate AMOUNT of
which Is estimated at TWO THOUS-
AND NINE HUNDRED EIGHT AND
60/i00 DOLLARS ($2, 908, 60l. II being
understood and mutually agreed by the
parties hereto that the specified items
of work to be performed hereunder.
as well as the exact amounts of each
items 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 payments to the first
party on the basis of a duly certified
and approved estimate of work per-
formed during the preceding calendar
month by the first party. less 10 per
cent of the amount of such estimate
which is to be retained by the second
party until all work has beer per-
formed strictly in accordance with this
agreement. and until such work has
been accepted by the second party,
Similar payments will also be made
for the materials which have been re-
ceived on the site, and which have
been inspected and approved and are
properly stored, in amounts not to ex-
coed 90 per cent of the value of such
materials. Title to the materials shall
pass to the City of Pascagoula, Miss.
upon payment; however, the Con-
tractor 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 ac-
count of this agreement shall be made
within 90 days after completion by
first party of all work covered by this
agreement. and the acceptance of such
work by the second party, The work
shall be subject to the approval o.
Engineer. d. j. Simmons.
5. The Contractor agrees to com
mence work under this contract on 1
date to be specified in a writer
Work Order issued by the Engin'
eer and to fully complete all work re.
quired hereunder within so consecu.
tive calendar days from said date.
8. II is further mutually agreed be
tween the parties hereto that If, a
any time after the execution of thi,
agreement and the Surety Bone
hereto attached for its faithful per,
Torrance. the second party shall deem
the Surety or sureties upon such bonds
to be unsatisfactory, or If. for any
reason. such bond ceases to be ade
quate to cover the performance of tn,
work, the first party shall at its ex
pense. within 5 days after receipt o
notice from the second party so to do
furnish al additional bond or bonds IN
such form and amount and with such
surety or sureties as shall be salts
factory to the c party. In such
event no further payments to the frs
party shall be deemed to be due under
this agreement until such new or add
tional security for the faithful per.
formance of the work shall be furn-
ished in the name and form salts
factory TO the second party.
IN WITNESS WHEREOF. the parties
hereto have executed this agreement
on the day and date first above writ.
ten. in two counterparts. each of which
shall without proof or accounting for
the other counter part, be deemed an
original contract.
ATTEST:
Contractor