PCA - 2016 Curb and Sidewalk Construction Proj No 116-029 - Premium Concrete

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* * * MAINTENANCE BOND Bond No2156811 KNOW ALL MEN BY THESE PRESENTS: That, Premium Concrete Services, Inc., 712 Richmond St, Elkhart, IN 46516 as Principal, and Old Republic Insurance Company a corporation organized under the laws of the State of Wisconsin and authorized to do a surety business in the State of Indiana , as Surety, are held and firmly bound unto the City of South Bend, Indiana, Department of Public Works , as obligee in the sum Of Forty Thousand Four Hundred Twenty-nine And 87/100THS ($40,429.87 ), lawful money of the United States of America, for the payment of which sum well and truly to be made, we bind ourselves, our heirs, executors, administrators, successors and assigns, jointly and severally, firmly by these presents: SEALED with our seals and dated this 21 st day of December , ,2016 WHEREAS, on the 26th day of April , 2016 , the said principal as contractor, entered into a contract for: 2016 Curb and Sidewalk Construction; Project No. 116-029 for the sum of Three Hundred Fifty-nine Thousand Seven Hundred Fifty And No/100THS ($359,750.00 I; and, WHEREAS, under the terms of the specifications for said work, the said principal is required to give a bond in the amount of Forty Thousand Four Hundred Twenty-nine And 87/100THS ($_40 429 87 ), to protect the obligee against the result of faulty materials or workmanship for a neriod ofThree /3vear(s) from and after the date of the completion and acceptance of same, namely, until .I220/2019 Now, THEREFORE, if the said principal shall for a period ofThree (3year from and after the date of the completion and acceptance of same by said obligee replace any and all defects arising in said work whether resulting from defective materials or defective workmanship, then the above obligation to be void; otherwise to remain in full force and effect. Old Republic Insurance Company ;Surety By II r Nicole L. Bicknell Anomey-m-Fact case 22518 (1 93)