SAMPLE PERFORMANCE BOND
* NOTE: THIS IS ONLY A SAMPLE
BOND NO: _______________
Know All Men by These presents:
That John Doe ________________________ as Principal, and the ___________
________________________________________________________________________
a corporation of the State of Maryland, with its Local Office,
___________________________________________ADDRESS: ________________________
___________________________________________ZIP CODE: ________________________
U.S.A. as Surety, are held and firmly bound unto State of Maryland, as
Obligee, In the amount of $____________ , for the payment whereof
Principal and Surety bind themselves, their heirs, executors,
administrators, successors and assigns, jointly and severally firmly by
these presents.
WHEREAS, the Principal has made application to the State Highway
Administration of Maryland, for a permit to construct
_________________________________________ entrance(s) _________________
_______________________________________________________________________
WHEREAS, the State Highway Administration of Maryland has granted a
permit for such construction, being Permit NO. ______________ dated
_____________ upon certain terms and conditions as set forth In said
permit.
NOW, THE CONDITION OF THE FOREGOING OBLIGATION Is such that if the
above bounden principal shall In all respects, comply with the terms
and obligations thereunder, and shall well and truly and in a manner
satisfactory to the SHA complete the work permittee and save harmless
the SHA and the State of Maryland from any expense incurred through
the failure of said Principal to comply with the terms and conditions
of same permit, or from any damages growing out of the negligence of
the said Principal, or his, theirs, or its agents or employees, then
the above obligation to be void and of none effect, otherwise to
remain In full force and virtue of law.
Signed and sealed this ________________ day of ________________
As to Principal:
____________________________ ____________________________(SEAL)
As to Surety:
____________________________