PCA - Water Works North Pumping Station Well Replacement Proj No. 117-031R - Peerless Midwest, Inc.

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MAINTENANCE Travelers Casualty and Surety Company of America BOND Hartford, CT 06183 Bond No.: 107136974 KNOWN ALL BY THESE PRESENTS: That we Peerless -Midwest Inc. as Principal, and JEglyfftyand S,r Company o[Arngriva a corporation organized and existing under the Laws of the State of Surety are held and firmly bound unto o h I ui Indiana as Obligee, in the total sum of Fif_q Four Thousand Seven Hundred Fifty Six & 00/100 U.S. Dollars ( S54 5600 ) for the payment whereof said Principal and Surety bind themselves, jointly and severally, as provided herein. WHEREAS, the Principal entered into a contract with the Obligee dated February 26, 2019 for North Station - Well No. 1 Replacement Prn•ect No 117-031R ("Work"). NOW, THEREFORE, THE CONDITION OF THIS OBLIGATION IS SUCH, that if the Principal shall maintain and remedy said Work free from defects in materials and workmanship for a period of three 3 year(s) following substantial completion of the Work (the "Maintenance Period"), then this obligation shall be void; otherwise it shall remain in full force and effect. PROVIDED, HOWEVER, that any suit under this bond shall be commenced no later than one (1) year from the expiration date of the Maintenance Period; provided, however, that if this limitation is prohibited by any law controlling the construction hereof, such limitation shall be deemed to be amended so as to be equal to the minimum period of limitation permitted by such law, and said period of limitation shall be deemed to have accrued and shall commence to run on the expiration date of the Maintenance Period. Signed this 6th day of January , 2020 Peerless -Midwest, Inc. (Principal) Travelers Casualty and Surety Company of America By: J. Karl Sherrill, Jr„ , Attorne -in-Fact