Sec. 9.
When any bid shall have been accepted, the purchasing agent may require of the successful bidder, a bond payable unto the county with good and sufficient surety, in the sum of not less than 1/3 of the amount of the bid, to be approved by the purchasing agent, conditioned that he will fully, faithfully and accurately execute the terms of the contract into which he has entered. Said bond shall be filed in the office of the purchasing agent and recoveries may be had on such bond until exhausted.
History: 1917, Act 307, Eff. Aug. 10, 1917 ;-- CL 1929, 1437 ;-- CL 1948, 45.89
Structure Michigan Compiled Laws
Act 307 of 1917 - Purchase of Supplies (45.81 - 45.97)
Section 45.81 - County Offices; Departments or Institutions; Purchase of Supplies.
Section 45.84 - Purchasing Agent; Advice of County Officers.
Section 45.86 - Bids; Bond or Certified Check Required; Acceptance.
Section 45.88 - Invoices; Transmittal, Approval, Payment; Rejection of Supplies, Replacement.
Section 45.89 - Bond of Successful Bidder; Terms, Filing, Recoveries.
Section 45.90 - Emergency Order; Approval, Purchase, Report, Payment; Limitation.
Section 45.91 - Purchases to Be in Accordance With Appropriations.
Section 45.92 - Purchase of Perishable Supplies; Rules and Regulations.
Section 45.95 - Accounts; Condition of Payment; Purchasing Agent, Offices, Supplies and Equipment.