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<br /> ' Bond#54240605
<br /> ' r City of Decatur, Illinois Contract Bond
<br /> ' Project 2021 Manhole Rehabilitation Project
<br /> ' Project Number 2021-14
<br /> ' We, CulY Contracting, LLC
<br /> ' 5 Industrial Park Drive, Winchester, IN 47394
<br /> a/an) ❑ Individual ❑ Co-partnership ® Corporation organized under the laws of the
<br /> ' as PRINCIPAL. and United Fire&Casualty Company Inc.
<br /> 118 Second Ave SE, Cedar Rapids IA 52401 as SURETY.
<br /> are held and firmly bound unto the City of Decatur(hereafter referred to as "CITY") in the penal sum of
<br /> One Hundred Thirty-Two Thousand, Seven Hundred Fifteen and 00/100---------------------------------------------------
<br /> --------------------------------------------------------------
<br /> -------------------------------------------------------------- Dollars( $132,715.00 ), lawful money of the
<br /> United States, well and truly to be paid unto said CITY, for the payment of which we bind ourselves, our heirs,
<br /> executors, administrators, successors,jointly to pay to the CITY this sum under the conditions of this instrument.
<br /> ' WHEREAS THE CONDITION OF THE FOREGOING OBLIGATION IS
<br /> SUCH that, the said Principal has
<br /> entered into a written contract with the CITY for the construction of work on the above City Project, which contract
<br /> ' 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
<br /> sums of money due for any labor, materials, apparatus, fixtures or machinery furnished to such Principal for the
<br /> ' purpose of performing such work and has further agreed to pay all direct and indirect damages to any person, firm,
<br /> company or corporation suffered or sustained on account of the performance of such work during the time thereof
<br /> and until such work is completed and accepted; and has further agreed that this bond shall inure to the benefit of any
<br /> ' person, firm, company or corporation to whom any money may be due from the Principal, subcontractor or
<br /> otherwise for any such labor, materials, apparatus, fixtures or machinery so furnished and that suit may be
<br /> maintained on such bond by any such person, firm, company or corporation for 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
<br /> said contract, and shall pay all sums of money due or to become due for any labor,materials, apparatus, fixtures or
<br /> machinery furnished to him for the purpose of constructing such work, and shall commence and complete the work
<br /> within the time prescribed in said contract, and shall pay and discharge all damages, direct and indirect, that may be
<br /> suffered or sustained on account of such work during the time of the performance thereof and until the said work
<br /> ' shall have been accepted, and shall hold the CITY harmless on account of any such damages and shall in all
<br /> respects fully and faithfully comply with all the provisions, conditions and requirements of said contract, then this
<br /> obligation to be void; otherwise to remain in full force and effect.
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