The Chronicle star the Moss Point advertiser., 1949-12-30

fect to additions and deductions a
provided for in the above mentioned
documents, TN lawful money of the
United states of America. such amount
as become due, to the first party fcf
work actually performed under TINS
agreement. at the unit prices stated
IN the attached and foregoing proposal
the approximate amount of which
estimated al ONE HUNDRED THIRTY
FIVE THOUSAND. FIVE HuNDltED
NINE x 68 100 DOLLARS tSi35.509.6 .6al
II being understood and mutually
agreed by the parties hereto that the
specified items OF work to be per
formed hereunder. as well as the exact
amounts of each item cannot be pre-
determined. and that the unit prices
stated in the proposal viii prevail.
; On or before the 18th of each cal.
endar 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 bv the first party, less 100 OF
the amount of such estimate which
10 he retained by the second party
until all work has been performed
strictly in accordance with this agree
ment, and until such work has beer
acceptcd by the second party. Similar
payments viii also be made Tor the
materials which have been received
ON the site. and which have been IN
spected and approved and are prop
erlv stored. in amounts not TO exceed
90 Of the value OF such materials
Title 10 the materials shall pass TO the
OWNER upon payment, however. the
Contractor shall remain responsible for
the safety and storage of said mate
rials after payment until used.
4. Upon submission by the first party
of evidence satisfactory to the second
party that all pay rolls, materials bills
and other costs incurred by the fifsi
party Ia connection with the construc
ton of the work have been paid II
full final payment on account of this
agreement shall be made within sc
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 he
subject to the approval of Engineer,
d. j. Simmons.
5. The Contractor agrees TO com
mence work under this contract on 9
date TO he specified I'm written
Work Order" issued by the Engineer
and to FULLY complete all work re-
uuired hereunder within 180 consecu-
tive calendar days from said date
s. 1t is further mutually agreed be
tween the parties hereto that II, at
any time after the execution OF this
agreement and the Surety Bond here
TO attached for its faithful perform
ance, the second party shall deem the
Surety or Sureties upon such bonds
to Re unsatisfactory or IT, for any
reason. such bond ceases 10 be ade-
quate 20 cover the performance of the
work. the first party shall at its ex.
pense, within days after receipt OF
notice from the second party so TO do
furnish an 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 payments to the
first party shall be deemed to be due
under tins agreement until such new
or additional security for the faithful
performance of the work shall be tur-
nished in the manner and form sat
islactory to the second party.
IN WITNESS WHEREOF, the par