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ARKANSAS STATE HIGHWAY COMMISSION
<br /> CONTRACT BOND
<br /> KNOW ALL MEN BY THESE PRESENTS: Bond # 1696774
<br /> That we, CITY OF BATESVILLE
<br /> as Principal, and ----WP2_tRxn,__Sur_t<y---CQMpAny----------------------------------------------------------------------------------------------
<br /> of -Sioux-Falls.,--Sou-th--Dakota----- as Surety, are held and firmly bound unto the State of Ar-
<br /> kansas for the use and benefit of the Arkansas State Highway Commission, and its successors and
<br /> assigns in the penal sum of FIFTY TWO THOUSAND ONE HUNDRED SEVENTY-FIVE DOLLARS
<br /> AND NO CENTS
<br /> Dollars ($52 , 175. 00 ), lawful money of the United States of America to be paid to
<br /> said Arkansas State Highway Commission, to which payment, well and truly to be made, we
<br /> bind ourselves, our heirs, executors, administrators, successors or assigns, jointly and severally
<br /> by these presents.
<br /> 71f
<br /> Signed, sealed and delivered this ------- ___._-_ day of ------------------------------------ 19aa.
<br /> The condition of this Bond is as follows: That, whereas, said
<br /> , as principal,
<br /> has entered into a contract with the State Highway Commission of the State of Arkansas for the
<br /> construction of that certain project in INDEPENDENCE County,
<br /> designated as
<br /> Job 5735 Federal Aid Project M-8020 (8)
<br /> Job Name: INTERSECTION IMPROVEMENTS (IV) BATESVILLE
<br /> consisting of an improvement of State Highway , Section , more
<br /> specifically described in the Proposal Form attached hereto, such work to be performed in strict
<br /> accordance with the terms and conditions of said contract.
<br /> NOW, THEREFORE, if the above bounden CITY OF BATESVILLE
<br /> shall in all things stand and abide by and well
<br /> and truly observe, do keep and perform all and singular, the terms, covenants, guarantees and
<br /> agreements in said Contract to be observed, kept, done and performed, and each of them, at the
<br /> time and in the manner and form therein specified, and shall do and perform all the labor and work
<br /> and shall furnish all the material as specified in said Contract and in strict accordance with the
<br /> terms of said Contract and the Plans and Specifications thereto attached, and made a part thereof,
<br /> and shall indemnify and save harmless said Arkansas State Highway Commission against any
<br /> loss or damage of whatever kind and character, arising or occasioned by deeds of negligence of
<br /> said principal, his agents, servants, and employees, in the prosecution of the work, or by reason
<br /> of improper safeguards or incomplete protection to the work and shall pay all bills for material,
<br /> labor and supplies entered into contingent and incident to the construction of said work, or used
<br /> in the course of performance of the work, and shall complete said work-within the time specified
<br /> in said Contract, then this obligation shall be null and void: otherwise to remain in full force and
<br /> effect.
<br /> The surety hereon further agrees that lack of knowledge by the Surety of any delay in the
<br /> progress of the work by the Contractor shall not operate as a defense by the Surety to any clairri
<br /> or suit on this bond, it being understood that the Surety shall receive notice of all steps looking
<br /> 4W to the cancellation of the Contract, and, or, the reletting of the work.
<br /> —6—
<br /> 2M-7-7B-11-2-C877-0271 3-5 F2328-1 GI
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