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' �
<br /> , Illinois Department
<br /> � of Transportation Contract Bond
<br /> ' Route Various
<br /> County Macon
<br /> Local Agency City of Decatur
<br /> � Section 15-00524-00-SC
<br /> Bond No. 106517150
<br /> ' We, Microsurfacing Contractors, LLC,13940 St.Charles Rock Road,St.Louis,MO 63044
<br /> ' a/an} ❑ Individual ❑ Co-partnership � Corporation organized under the laws of the Sfate of Missouri ,
<br /> as PRINCIPAL, and Travelers Casualty and Surety Company of America,One Tower Square, Hartford,CT 06183
<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 /> Eipht Hundred Twentv-Three Thousand.Three Hundred Twentv-Five----------------------------------------
<br /> and 60/100-------------------------------------- Dollars ( $823,325.60 ), lawFul money of the
<br /> ' United States,well and truly to be paid unto said LA,for the payment of which we bind ourseives, 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 compieted 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 Principai, 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, materiais, 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 shail 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 shali 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 faithfuily 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.
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<br /> Page 1 of 2 IL 494-0372 BLR 12321 (Rev.7/05)
<br /> Printed on 5l15/2016 4:40:45 PM
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