Sec. 63.173. CONTRACTOR'S BOND. The contractor shall execute an adequate bond payable to the commission in the amount of the contract price, conditioned that he will faithfully perform the obligations, agreements, and covenants of the contract and that if he defaults he will pay the district all damages sustained by reason of the default. The bond shall be approved by the commission.
Acts 1971, 62nd Leg., p. 110, ch. 58, Sec. 1, eff. Aug. 30, 1971.
Structure Texas Statutes
Title 4 - General Law Districts
Chapter 63 - Self-Liquidating Navigation Districts
Subchapter D. Powers and Duties
Section 63.151. Authority of District
Section 63.152. Purposes of District
Section 63.153. General Authority of District
Section 63.154. Authority to Go on Land
Section 63.155. Acquisition of Property and Right-of-Way
Section 63.156. Eminent Domain
Section 63.157. Authority Over Improvements
Section 63.158. Obtaining Consent of United States
Section 63.159. Cooperation With the United States
Section 63.160. Duties of Engineer
Section 63.161. United States Performing Duties of Engineer
Section 63.162. District Order for Improvements
Section 63.163. Notice of Hearing
Section 63.164. Hearing on Improvements
Section 63.168. Bids for Contract
Section 63.169. Notice of Bids
Section 63.170. Application of Certain Sections
Section 63.171. Procedure for Bids
Section 63.172. Formal Requirements of Contract
Section 63.173. Contractor's Bond
Section 63.174. Interest in Contract
Section 63.175. Supervision of Work
Section 63.176. Payment for Work
Section 63.177. Commission Report
Section 63.180. Issuance of Writs
Section 63.181. Peace Officers