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' �
<br /> Iltinois Department
<br /> of Transportation co�t�a�t Bond
<br /> 1 � � . �
<br /> ' Municipality Decatur
<br /> � Rd.District 5
<br /> ' COUflty- Mannn
<br /> . Section 89-00000-03-GM
<br /> , � � City Project 8908 ,
<br /> ' Wg DUNN COMPANY
<br /> as PRINCIPAL,and
<br /> ' Tranaa�rlc� in��era�� Cc��ny as SURETY,
<br /> are held and firmly bound unto the above Local Agency (hereafter referred to as "LA"1 in the penal sum of
<br /> Three Hundred Forty-three Thousand Two Hundred Seventy------------------
<br /> ' Dollars ($ 343, 270. 00 ), Iawful moneyofthe
<br /> United States,well and truly to be paid unto said LA,for the payment of which we bind ourselves,our
<br /> heirs, executors, administrators,successors,jointly to pay to the LA this sum under the conditions of this
<br /> , instrument.
<br /> WHEREAS THE CONDITION OF THE FOREGOING OBLIGATION IS SUCH that, the said Principal has
<br /> ' entered into a written contract with the LA acting through its awarding authority for the construction of
<br /> wo�k on the above section,which contract is hereby referred to and made a part hereof, as if written
<br /> 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,
<br /> ' materials,apparatus, fixtures or machine�y furnished to such Principal for the purpose of performing such
<br /> work and has further agreed to pay all direct and indirect damages to any person, firm,company,or
<br /> corporation suffered or sustained on account of the performance of such work during the time thereof and
<br /> until such work is completed and accepted; and has further agreed that this bond shall inure to the benefit
<br /> ' of any person, firm, company,or corporation,to whom any money may be due from the Principal,
<br /> subcontractor or otherwise, for any such labor, materials, appa�atus, fixtures or machine�y so furnished
<br /> and that suit may be maintained on such bond by any such person, firm, company,or corporation,for the
<br /> , recovery of any such money.
<br /> NOW THEREFORE, if the said Principal shall well and truly perform said work in accordar�ce with the
<br /> terms of said contract, and shall pay all sums of money due or to become due for any labor, materials,
<br /> ' apparatus,fixtures or machinery furnished to him for the purpose of constructing swch work, and shall
<br /> commence and complete the work within the time prescribed in said contr�ct;and shall�pay and discharge
<br /> all damages,direct and indirect, that may be suffered or sustained on account of such work during the
<br /> time of the performance thereof and until the said work shall have been accepted,and shall hold the LA
<br /> ' and its awarding authority harmtess on account of any such damages and shall in all respects fully and
<br /> faithfully comply with all the provisions, conditions,and requirements of said contract, then this obligation
<br /> to be void; otherwise to remain in full force and effect.
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<br /> ' BLR 5711 (Rev.7/87)
<br /> IL 494-0372
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