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' BOND#B 1295272
<br /> Illinois Departmen#
<br /> ' of Transportation Contract Bond
<br /> Local Public Agency Count/ Street Name/Road Name Section Number
<br /> ' City of Decatur Macon I East William Street 22-00237-00-IC
<br /> Bond information to be returned to Local Public Agency at One Gary K Anderson Plaza Decatur, IL 62523
<br /> Complete Address
<br /> we, Kinney Contractors, Inc. 19342 E Frontage Rd, Raymond, IL 62560
<br /> Contractor's Name and Address
<br /> ' a/an Corporation organized under the laws of the State of Illinois as PRINCIPAL, and
<br /> State
<br /> Selective Insurance Company of America 40 Wantage Ave, Branchville, NJ 07890
<br /> Surety Name and Address
<br /> as SURETY,are held and firmly bound unto the above Local Public Agency(thereafter referred to as"LPA")in the penal sum of
<br /> One Hundred Sixty-Three.Thousand, Nine Hundred Forty-Four and 50/100--------------------------------------------------
<br /> Dollars( $163,944.50 )lawful money of the United States, to be paid to said LPA,the payment of which we bind ourselves,
<br /> ' successors and assigns jointly to pay to the LPA 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 written contract
<br /> ' with the LPA acting through its awarding authority for the construction of work on the above sections,which contract is hereby referred to
<br /> and made a part hereof, as if written herein at length, and whereby the said Principal has promised and agreed to perform said work in
<br /> accordance with the terms of said contract, and has promised to pay all sums of money due for any labor, materials, apparatus,fixtures or
<br /> ' machinery furnished to such Principal for the purpose of performing such work and has further agreed to pay all direct and indirect
<br /> damages to any person,firm, company or corporation to whom any money may be due from the Principal,subcontractor or otherwise for
<br /> any such labor, materials, apparatus,fixtures or machinery so furnished and that suit may be maintained on such bond by any such
<br /> person,firm,company or corporation for the recovery of any such money.
<br /> ' NOW, THEREFORE, if the said Principal shall perform said work in accordance with the terms of said contract, and shall pay all sums of
<br /> money due or to become due for any labor, materials, apparatus,fixtures or machinery furnished to it for the purpose of constructing such
<br /> work,and shall commence and complete the work within the time prescribed in said contract, and shall pay and discharge all damages,
<br /> direct and indirect,that may be suffered or sustained on account of such work during the time of the performance thereof and until the said
<br /> work shall have been accepted, and shall hold the LPA and its awarding authority harmless on account of any such damages and shall in
<br /> all respects fully and faithfully comply with all the provisions, conditions and requirements of said contract, then this obligation shall be void;
<br /> otherwise it shall remain in full force and effect.
<br /> ' IN TESTIMONY WHEREOF,the said PRINCIPAL and the said SURETY have caused this instrument to be signed b their respective
<br /> 9 Y
<br /> ' agents this 20th day of November, 2023 .
<br /> Day Month and Year
<br /> PRINCIPAL
<br /> '
<br /> Company Name Company Name
<br /> Kinney Contractors, Inc.
<br /> By By
<br /> t Signat &Date A Signature&Date
<br /> ' AttestAttest
<br /> Signature&Date ///17`2 Signature& Date
<br />' (If PRINCIPAL is a joint venture of two or more contractors,the company names and authorized signature of each contractor must be
<br /> affixed.)
<br /> tCompleted 11/16/23 Page 1 of 2 BLR 12321 (Rev.01/19/23)
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