|
t
<br /> 1 '
<br /> �n�as Departmer,t
<br /> ' af Transportation Contract Bond
<br /> Route Lost Bridge Road_
<br /> ' County Macon
<br /> Local Agency City of Decatur
<br /> ' Section 15-00527-00-GR
<br /> Bond# 9204620
<br /> tWe , Midwest Fence Corporation
<br /> 900 N. Kedzie Avenue, Chicago, IL 60651
<br /> ' a/an) ❑ Individual ❑ Co-partnership 0 Corporation organized under the laws of the State of Delaware ,
<br /> as PRfNCIPAL, and Fidelity and Deposit Company of Maryland
<br /> ' 1400 American Lane, Tl-F18, Schaumburg, IL 60196 as SURETY,
<br /> ' are held and firmly bound unto the above Local Agency (hereafter referred to as"LA") in the penal sum of
<br /> Thirtv Two Thousand and --00/100 Dollars
<br /> Dollars ( $32,000.00 ), 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 shalt 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 /> '
<br /> 1
<br /> ' Page 1 of 2 IL 494-0372 BLR 12321 (Rev.7/05)
<br /> Printed on 3/18/2016 1:45:14 PM
<br /> '
<br />
|