August 11, 1969
Chief Hydrclfogist
2c.uthwvc;t FiVri:2 Wtccr
Manaqclw.ent P-i strict (R)
F : 4 ", 7
P. 0. c: -57
Brooksvill Florida 33512
rcar Jerry.
Ieore is a ;ropcsed form fco the .ell Driller's Bond. You will
note that it is conditioned bot)h Upon ccmplying with rules and
regula1tic's of the District aRuv. u-on good work:aanship. This
would give -rotection not only to the District but also to the
owners having the work done.
I am havincr it checked by some of the companies who write such
Londs so we can have some idea of what the cost will be but at
present we estimate it to be $50.00 per year or 1% of the amount
of the bond.
Sincerely,
L. N. Blain
LMB : cs
Enclosure
BOND FOR WELL DRILLER
KNOW ALL MEN BY THESE PRESENTS: That we,
hereinafter called the Principal, and
a corp-
oration duly qualified and authorized under the laws of the State
of Florida to act as surety on bonds, hereinafter called the Surety,
are held and firmly bound unto the SOUTHWEST FLORIDA WATER MANAGE-
MENT DISTRICT (REGULATORY), its successors and assigns, in the
sum of Five Thousand Dollars, the true payment whereof well and
truly to be made we do bind ourselves, our respective heirs,
executors, administrators, successors, and assigns, jointly and
severally, firmly by this bond.
The condition of this bond is such that if the above bound
Principal shall comply with the provisions of the laws of this
state, the rules and regulations prescribed by the SOUTHWEST
FLORIDA WATER MANAGEMENT DISTRICT (REGULATORY), and the orders
adopted or issued pursuant thereto for the protection of the
water resources of the area encompassed by the SOUTHWEST FLORIDA
WATER MANAGEMENT DISTRICT, and that said Principal shall protect
the SOUTHWEST FLORIDA WATER MANAGEMENT DISTRICT (REGULATORY) against
loss or damage to the water resources of the area occasioned by
the negligence of the Principal in failing to properly execute and
protect all work done by said Principal or by his employees or
under the direction and supervision of said Principal and from all
loss or damage occasioned by or arising in any manner from any
such work which is not caused by the negligence of the SOUTHWEST
FLORIDA WATER MANAGEMENT DISTRICT (REGULATORY), its agents or
employees and said Principal shall do all work in accordance
with the requirements thereof and shall further without additional
cost to the person for whom the work is done remedy any defects
in said work done by the Principal or by his employees or under
the directionand supervision of the Principal and indemnify such
person and the SOUTHWEST FLORIDA WATER MANAGEMENT DISTRICT
(REGULATORY) for any damage resulting therefrom and shall further
reconstruct any such defective work at the direction of the
SOUTHWEST FLORIDA WATER MANAGEMENT DISTRICT (REGULATORY) and its
duly designated executive .officers, employees and agents, at any
time within one year after the doing of such work and within
48 hours after the receipt of notice from said executive officers,
employees or agents to reconstruct or repair the same, then this
obligation shall become null and void; otherwise to remain in full
force and effect.
Any failure, defect or default upon the part of the Principal
in remedying any defects in work due to faulty workmanship or
faulty material furnished or used by the Principal or in indemni-
fying the SOUTHWEST FLORIDA WATER MANAGEMENT DISTRICT (REGULATORY)
and the person for whom said work was done for damage suffered as
a result of said failure, defect or default, shall give the
SOUTHWEST FLORIDA WATER MANAGEMENT DISTRICT (REGULATORY) and the
person for whom the work is performed a direct right of action
against the Principal and Surety under this obligation; provided,
however, that no suit, action or proceeding by reason of any
default whatever shall be brought upon this bond after one year
from the date of the final completion or termination of such work
by the Principal.
The premium anniversary of this bond shall be midnight on
the 30th day of June.
The Surety may cancel this bond and be relieved of further
liability hereunder by delivering 30 days written notice to the
SOUTHWEST FLORIDA WATER MANAGEMENT DISTRICT (REGULATORY); however,
such cancellation shall not affect any liability incurred or
accrued hereunder prior to the termination of said period.
In witness whereof, the Principal and Surety have executed
this Bond on this day of 19__.
Principal
(SEAL)
By
Attorney in Fact
Surety
APPROVED BY
SOUTHWEST FLORIDA WATER
MANAGEMENT DISTRICT (REGULATORY)
this day of 19 ,
By
Title:
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