|
7"1
<br />MERCHANTS 1
<br />BONDING COMPANY,.
<br />MERCHANTS NATIONAL BONDING, INC, P.O. Box 14498, DES MOINES, IOWA 50306-3498
<br />PHONE: (800) 678-8171 FAX: (515) 243-3854
<br />MAINTENANCE BOND
<br />KNOW ALL PERSONS BY THESE PRESENTS: Bond No.
<br />NIN126S
<br />That H.G.R. Group, Inc.
<br />of 209 N. Main Street, South Bend, IN 46601
<br />as Principal, and the Merchants National Bonding, Inc, as Surety are
<br />held and firmly bound unto the CHT07SOuth BendBoard of Public Works, 1316 County7ity Building,
<br />227 W. Jefferson Blvd., South Bend, IN 46601 in the penal sum of
<br />Forty Seven Thousand Eight Hundred Ten Dollars and rxl100 - - - - - - ($47,810.00 )
<br />DOLLARS, lawful money of the United States of America, for the payment of which, well and truly to be
<br />made, the Principal and Surety bind themselves, their and each of their heirs, executors, administrators,
<br />successors and assigns, jointly and severally, firmly by these presents.
<br />Signed and delivered this 15th day of September 2017
<br />WHEREAS, the Principal entered into a certain contract, dated the 25th day of October
<br />2016 with the City of South Bend Board of Public Works
<br />to furnish all the material and labor necessary for the construction of
<br />The JMS Building - New North Stair Tower, Project No. 116-098
<br />in conformity with certain specifications; and
<br />WHEREAS, a further condition of said contract is that the Principal should furnish a bond of indemnity,
<br />guaranteeing to remed any defects in workmanship or materials that may develop in said work within a
<br />period of Three (3� years from the date of acceptance of the work under said contract; and
<br />WHEREAS, the above work has been completed and accepted and if not accepted will be automatically
<br />accepted upon the filing of this maintenance bond; and
<br />WHEREAS, the Merchants National Bonding, Inc. for valuable
<br />consideration, has agreed to join with said Principal in such bond or guarantee, indemnifying said
<br />City of South Bend Board of Public Works as aforesaid;
<br />NOW, THEREFORE, THE CONDITION OF THIS OBLIGATION IS SUCH, that if the said Principal does
<br />and shall, at the Principal's own cost and expense, remedy any and all defects that may develop in said
<br />work, within the period of Three (3) years from the date of acceptance of the work under said contract, by
<br />reason of bad workmanship or poor material used in the construction of said work, and shall keep all
<br />work in continuous good repair during said period, and shall in all other respects, comply with all the
<br />terms and conditions of said contract with respect to maintenance and repair of said work, then this
<br />obligation to be null and void; otherwise to be and remain in full force and virtue in law.
<br />It is agreed that while the Principal shall be and remain liable for failure to adhere to the specifications
<br />which form the basis for the work, the Surety, inasmuch as the original work was not bonded, shall be
<br />obligated only to assure the maintenance of the work in the condition in which it existed at the time the
<br />work was accepted. Any obligation beyond this shall be that of only the Principal.
<br />H. . Group, Inc.
<br />rincipal
<br />Approved Harold Reinke President M
<br />By
<br />CON 0304 (2115)
<br />Merchants National Bonding, Inc.
<br />By _--
<br />J, I vin Hughes, Attorney -in -Fa
<br />
|