Chapter 3.16
BONDS OF PUBLIC WORK CONTRACTORS
Sections:
3.16.010 Bond required.
Whenever the city council contracts with any person to do any work which is authorized by law to require the execution of public work, the council shall require the person with whom such contract is made to make, execute and deliver to the council a good and sufficient bond, with two or more sureties, or with a surety company as surety, conditioned that such person shall faithfully perform all the provisions of such contract in accordance with the terms thereof and the laws of the state and the ordinances of the city relating thereto. (Ord. 413 § 1, 1924).
3.16.020 Amount of bond.
The bond mentioned in BMC 3.16.010 shall be in an amount equal to the full contract price agreed to be paid for such work or improvement, and shall run to and be payable to the city; provided, that the city council may impose any other or further conditions and obligations in such bond as may be deemed necessary for its proper protection in the fulfillment of the term of the contract secured thereby, and not in conflict with the laws of the state. (Ord. 413 § 2, 1924).