Pyco Supply Co. Inc. v. American Centennial Ins. Co.

*115GREENE, Judge.

This is an appeal from a summary judgment for plaintiff on a construction payment bond. The pleadings and affidavits before the trial court tended to show that, on or about 28 September 1982, the Town of Pilot Mountain, North Carolina let four contracts for the construction of water pipeline improvements. Carolina Road Builders, Inc. (hereinafter, “CRB”) won three of the four contracts. As required under N.C. Gen. Stat. Sec. 44A-25 et seq. (1984), CRB gave three payment bonds respectively covering each of the three water project contracts. American Centennial Insurance Company…