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with  said works  of  improvement,  provided  corporate  surety bonds  cannot  be

                       obtained;  the  suretyship  obligation  is  in writing;  the  liability as  surety

                       and/or  guarantor  of  said principal  obligation is  commensurate  with  Society,

                       becomes  absolute  upon  breach  and  can  be  exonerated only by  performance  or

                       payment;  and  the  sufficiency  of  the  individuals  to  discharge  their  liability

                       thereon  is  justified to  the  satisfaction of  said officer.

                             7.04        Society shall  have  the  option  to  deposit with  the  County

                       cash  or United  States  Government  securities  in  all  respects  satisfactory

                       to  said officer  in  lieu of  the  surety obligations  herein  required.  Said


                       cash  or securities  shall  be  deemed  deposited with  County  to  secure  full
                       and  satisfactory perfonnance  of  the  principal  obligations  heretofore


                       described  for which  surety  is  required  and  shall  be  released  upon  satis-

                       factory  performance  thereof,  as  evidenced by  certification of compliance

                       by Director  and  release  of mechanic's  liens  by  all persons  furnishing

                       labor  and  materials  thereon.

                 8.    OPERATING  RESPONSIBILITIES

                             8.01        Compliance  with  Law

                                         Society  shall  confonn  to  and  abide  by  all municipal  and

                       County  ordinances,  and  all  State  and  Federal  laws  and  regulations,  insofar

                       as  the  same  or  any  of them  are  applicable;  and  where  permits  and/or

                       licenses  are  required for  the  operation  and/or  any  construction authorized

                       herein,  the  same  must  be  first  obtained  from  the  regulatory  agency  having

                       jurisdiction thereover.

                             8.02        Compliance  with  Rules  and  Regulations

                                         Society  shall  conform  to  and  abide  by  all  rules  and  regula-

                       tions  of the  Board  of  Supervisors  and  the  Director  insofar  as  the  same  or

                       any  of  them  are  applicable.







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