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<br /> City of Decatur, Illinois Contract Bond
<br /> BOND N0.GRIL59509
<br /> Project Old Kings Orchard Garden
<br /> Project Number 2023-05
<br /> ' We, Entler Fvcavatina Co. Inc.
<br /> 814 North Sunnyside Rd. Decatur. IL 62522
<br /> alan) ❑ Individual ❑ Co-partnership ® Corporation organized under the laws of the Illinois ,
<br /> as PRINCIPAL, and Granite Re,Inc.
<br /> 14001 Quailbrook Drive,Oklahoma City,OK 73134 as SURETY,
<br /> Three Hundred, Eighty-Three Thousand,Two Hundred Four Dollars and Seventy Cents---------------------------------
<br /> ---------------------------------------------------------------------------------------------------------------------------- Dollars ( $383,204.70 ), 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 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
<br /> all 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
<br /> ' any 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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