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<br /> IllinolS Departmerlt
<br /> , of Transportation Contract Bond
<br /> Bond Number 54-209474
<br /> ' Route U.S. Route 36
<br /> County Macon
<br /> Local Agency City of Decatur
<br /> ' Section 15-00501-00-LT
<br /> ' We , Bodine Electric of Decatur
<br /> ' a/an) ❑ Individual ❑ Co-partnership � Corporation organized under the laws of the State of Delaware
<br /> as PRINCIPAL, and United Fire& Casualty Company
<br /> ' as SURE7Y,
<br /> , are held and firmly bound unto the above Local Agency {hereafter referred to as "LA") in the penal sum of
<br /> Fort - ine T sand Two Hundred Fortv-One------------------------------------- -_____�and
<br /> 03/900------------------------------ --..-------- Doilars ( $49,241.03 ), 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#he 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 fhe 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 pertorming
<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 main#ained 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 trufy perform said work in accordance with the terms of said contract,
<br /> and shalf 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 beeR accepted, and shall hold the LA and
<br /> its awarding authority harmless on account of any such damages and shall in aIl respeets fully and faithfuffy comply with al!
<br /> the provisions, conditions and requirements of said contract, then this obligation to be void; otherwise to remain in fuli force
<br /> ' and effect.
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<br /> , Page 1 of 2 IL 494-0372 BLR 12321 (Rev.7/OS) ',
<br /> Printed on 5/23/2016 11:06:25 AM
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