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Illinois Department <br /> of Transportation Contract Bond <br /> Route Various <br /> County Macon <br /> Local Agency City of Decatur <br /> Section 18-00824-00-SC <br /> We, <br /> a/an) ❑ Individual ❑ Co-partnership ❑ Corporation organized under the laws of the State of <br /> as PRINCIPAL, and <br /> as SURETY, <br /> are held and firmly bound unto the above Local Agency(hereafter referred to as "LA") in the penal sum of <br /> One Million, One Hundred Thirty-Four Thousand One Hundred Forty-Four and 47/100 ------------------------ <br /> ---------------------------------------------------- Dollars ( $1,134,144.47 ), lawful money of the <br /> United States, well and truly to be paid unto said LA, for the payment of which we bind ourselves, our heirs, executors, <br /> administrators, successors,jointly to pay to the LA this sum under the conditions of this instrument. <br /> WHEREAS THE CONDITION OF THE FOREGOING OBLIGATION IS SUCH that, the said Principal has entered into a <br /> written contract with the LA acting through its awarding authority for the construction of work on the above section, which <br /> contract is hereby referred to and made a part hereof, as if written herein at length, and whereby the said Principal has <br /> promised and agreed to perform said work in accordance with the terms of said contract, and has promised to pay all sums of <br /> money due for any labor, materials, apparatus, fixtures or machinery furnished to such Principal for the purpose of performing <br /> such work and has further agreed to pay all direct and indirect damages to any person, firm, company or corporation suffered <br /> or sustained on account of the performance of such work during the time thereof and until such work is completed and <br /> accepted; and has further agreed that this bond shall inure to the benefit of any person, firm, company or corporation to whom <br /> any money may be due from the Principal, subcontractor or otherwise for any such labor, materials, apparatus, fixtures or <br /> machinery so furnished and that suit may be maintained on such bond by any such person, firm, company or corporation for <br /> the recovery of any such money. <br /> NOW THEREFORE, if the said Principal shall well and truly perform said work in accordance with the terms of said contract, <br /> and shall pay all sums of money due or to become due for any labor, materials, apparatus, fixtures or machinery furnished to <br /> him for the purpose of constructing such work, and shall commence and complete the work within the time prescribed in said <br /> contract, and shall pay and discharge all damages, direct and indirect, that may be suffered or sustained on account of such <br /> work during the time of the performance thereof and until the said work shall have been accepted, and shall hold the LA and <br /> its awarding authority harmless on account of any such damages and shall in all respects fully and faithfully comply with all <br /> the provisions, conditions and requirements of said contract, then this obligation to be void; otherwise to remain in full force <br /> and effect. <br /> Page 1 of 2 IL 494-0372 BLR 12321 (Rev.7/05) <br /> Printed on 5/29/2018 4:37:13 PM <br />