Rev: 3-3-15
PAYMENT BOND
KNOW ALL MEN BY THESE PRESENTS: That the undersigned Original Contractor (as
defined in §53.001, Texas Property Code (Vernon 2000)) (hereinafter, the "Principal") and Surety
are firmly bound to The Most Reverend Joe S. Vasquez, Bishop of the Roman Catholic Diocese of
Austin, and His Successors in Office ("Owner") in the principal sum of
_________________________________ Dollars ($____________________).
Now the condition of this bond is this: that, whereas the undersigned Principal has entered
into a certain Contract with Owner, which Contract is dated for reference
______________________, whereunder Principal undertakes to perform the following-described
Work of construction, alteration or repair:
NOW THEREFORE, if the Principal shall well and faithfully make prompt payment to each
and every claimant supplying labor, materials or equipment, or specially fabricated materials in the
prosecution of the Work provided for in said Contract and normal and usual extras not exceeding 15
percent of the contract price, then this obligation shall be null and void; otherwise, it shall remain in
full force and effect. Each such claimant shall have a direct right of action on this bond.
Surety waives notice of any change, extension of time, alteration or addition to the terms of
the Contract or to the Work to be performed thereunder, and of any termination for the Principal's
default of the Principal's right to proceed, and agrees and stipulates that no such change, extension
of time, alteration, addition or termination shall, in anywise, affect its obligation on this bond.
PRINCIPAL: __________________________
SURETY: ____________________________
By: __________________________________
By: _________________________________
Title: _________________________________
Title: ________________________________
Date: _________________________________
Date: ________________________________
Approved by:
The Most Reverend Joe S. Vasquez,
Bishop of the Catholic Diocese of Austin
and His Successors in Office
By:
Name: Most Reverend Daniel E. Garcia
Title: Auxiliary Bishop, Vicar General,
and Attorney-in-Fact for the
Most Reverend Joe S. Vásquez
Date:
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Rev: 3-3-15
ANY NOTICE OF CLAIM SHOULD BE SENT TO:
__________________________________
[Name of Surety]
__________________________________
__________________________________
[Mailing Address]
__________________________________
[Physical Address if different than Mailing Address]
(___) ___________________
[Telephone Number including Area Code]
Toll-Free Number of Texas Department of Insurance: (800) 252-3439
Notice: The address of the Surety to which any notice of claim should be sent may be obtained from
the Texas Department of Insurance by calling the toll-free number.
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