§ 2-145. Performance and payment bonds.

Latest version.

A contractor or vendor shall provide a corporate surety bond from a surety company authorized to do business in Florida to guarantee the full and faithful performance of his contract obligations and the payment of labor and material expended pursuant to the contract whenever and in such amounts as are deemed necessary by the department head or the city council. All such bonds shall be approved as to form by the city attorney.

(Code 1966, § 2-59)

                    
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