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[3/4] Luzon surety Company, Inc. vs. magbanua, et al

[3/4] LUZON SURETY COMPANY, INC., plaintiff-appellee, vs. CORETTE S. MAGBANUA and DANIEL Z. ROMUALDEZ, defendants, ANTONIO V. RAQUIZA, defendant-appellant.

G.R. No. L-43851 | 1976-07-30

XIII

That the SECOND PARTY will appropriate a yearly amount of not loss than thirty (30%) per cent of the gross income of the public markets and talipapas for the fiscal year 1971-1972 to answer for the maintenance and repair, reconstruction, development and rehabilitation of the public markets and talipapas and proof of such appropriation and minimum expenditure must be submitted to the FIRST PARTY or his duly authorized representative or representatives. The SECOND PARTY further agrees to insure the public markets against fire.

XIV

That the SECOND PARTY further warrants that it will honor and respect the rights of the present...