Legal Documents of Baxter

Code of Baxter

Table of Contents » Title 5 Municipal Finance and Taxation » Chapter 3 Municipal Purchasing » § 5-311 Performance bond.
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Title 5
5-1
Title 5, Chapter 1
5-101
§ 5-101
Baxter
Title 5 : Municipal Finance and Taxation
Chapter 3 : Municipal Purchasing

5-311 : Performance bond.

The purchasing agent may require a performance bond before entering into a contract, in such amount as he/she shall find reasonably necessary to protect the best interests of the city and furnishers of labor and materials in the penalty of not less than the amount provided by Tennessee Code Annotated. (2011 Code, § 5-311)