Indemnity Company v. . Perry

The bond executed by the defendant referred specifically to the contract between the defendant and the city of High Point, and the contract “for construction of water and sewer improvements in High Point, North Carolina,” was expressly made a part of said bond. The obligation of the bond was to the effect that if the defendant principal should faithfully perform said contract according to the terms and conditions thereof, then the obligation would be void, or otherwise remain in full force and effect. The contract provided not only for the “proposed water and sewer connections in the northern…