|
. Sr� � '
<br /> FRANCHISE BOND
<br /> Bond Number 08915810
<br /> KNOW ALL MEN BY THESE PRESENTS, That,we, COMCAST OF ILLINOIS/INDIANA/OHIO,LLC ,
<br /> as Principal, and FIDELITYAND DEPOSIT COMPANY OF MARYLAND , a corporation of the State of M� , as Surety, are
<br /> held and firmly bound unto _ CITY OF DECATUR, IL , as
<br /> Obligee, in the sum of Five Hundred Thousand and 00/100 Doliars, (a 500,000.00 )
<br /> lawful money of the United States of America, to be paid unto said Obligee, its successors and assigns, jointly and severally, firmly
<br /> by these presents.
<br /> WHEREAS, the above bound Principal has entered into a written agreement with the Obligee, which grants a Franchise to the
<br /> Principal for use of its public streets and places to transmit and distribute electrical impulses through an open line-coaxial antenna
<br /> system located therein. Principal has agreed to faithfully perform and observe and fulfill all terms and conditions of said Franchise
<br /> agreement referred to above and said agreement is hereby made a part of this bond with like force and effect as if herein set forth in
<br /> length.
<br /> NOW, THEREFORE, THE CONDITION OF THIS OBLIGATION IS SUCH, That if the above named Principal, its successors or
<br /> assigns, does and shall well and truly observe, perform and fulfill its obligation as set forth in the above mentioned Franchise
<br /> agreement, for which a bond must be posted,then the above obligation to be void; otherwise to remain in full force and effect.
<br /> The bond is subject, however,to the following express conditions:
<br /> FIRST: That in the event of a default on the part of the Principal, its successors or assigns, a written statement of such default with
<br /> full details thereof shall be given to Surety promptly, and in any event, within thirty (30) days after the Obligee shall learn of such
<br /> default, such notice to be delivered to Surety at its Home Office
<br /> at 1400 American Lane Schaumburg,IL 60196-1056 by registered mail.
<br /> SECOND: That no claim, suit or action under this bond by reason of any such default shall be brought against Surety unless
<br /> asserted or commenced within(12)twelve months after the effective date of any termination or cancellation of this bond.
<br /> THIRD: That this bond may be terminated or canceled by Surety by(30)days prior notice in writing to Principal and to Obligee, such
<br /> notice to be given by certified mail. Such termination or cancellation shall not affect any liability incurred or accrued under this bond
<br /> prior to the effective date of such termination or cancellation. The liability of the Surety shall be limited to the amount set forth above
<br /> and is not cumulative.
<br /> FOURTH: That no right of action shall accrue under this bond to or for the use of any person other than the Obligee, and its
<br /> successors and assigns.
<br /> FIFTH: That this bond replaces The Hanover Insurance Company Bond# 1698468 , including all past, present&
<br /> future�iability. Having accepted this bond,the Obligee hereby releases and forever discharges the
<br /> The Hanover Insurance Company , its affiliates, successors and assigns, as surety, of any and all liability and/or
<br /> obligation under Bond# 1698468 that the Obligee has now or may obtain in the future on any claim it has
<br /> asserted in the past or may in the future assert under said bond,whether said claim be known or unknown,whether
<br /> monetary or otherwise, and whether under contract or otherwise.
<br /> IN WITNESS WHEREOF,the above bound Principal and the above bound Surety have hereunto set their hands and seals on the
<br /> 21st day of December , 2007
<br /> COMCAST OF ILLINOIS/INDIANA/OHIO, LLC
<br /> By:
<br /> � f, �3
<br /> FIDELITY AND DEPOSIT COMPANY OF MARYLAND
<br /> By:. �j� � .� .
<br /> Wayne G.McVauqh ,Attorney-in-Fact
<br />
|