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� �
<br /> ��
<br /> Illinois Department
<br /> , of Transportation co�tra�t B�,d
<br />� , � Decatur -�
<br /> Municipality
<br /> Rd.District 5
<br />' ' County Macon
<br />� . Section 89-00000-02-GM
<br />', ' , City Project 8907
<br /> �
<br /> , We DUNN COI�IPANY �
<br />� as PRINCIPAL,and
<br />', ' Transamerica Insurance Company as SURETY�
<br /> are held and firmly bound unto the above Local Agency (hereafter referred to as"LA") in the penal sum of
<br /> FQur Hundred Twelve Thousand Thirtv-------------------------------------
<br /> ' '---"'-------'-"'----'-"----' Dollars ($ 412, 030.00 ), 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
<br /> ' heirs,executors,administrators,successors,jointiy to pay to the�A 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 III
<br /> work 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 machinery 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 labo�, materials,apparatus, fixtures or machinery 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 accordano;e with the
<br /> terms of said contract, and shall pay all sums of money due or to become due for an,y labor,?materials,
<br /> ' apparatus, fixtures or machinery furnished to him for the purpos�^of constructing s�C(� wo�, and shall
<br /> commence and complete the work within the time prescribec�in saidCor�tract,.and shal.l{�a 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 harmless 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 /> ' 8LR 5711 (Rev.7/87)
<br /> IL 494-0372
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