4.6 SR 03-20-2023 - Laserfiche WebLink

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Houlton Conservation Area Bank Protection — Mississippi Site Elk River, Minnesota Payment Bond Bond No. KNOW ALL PERSONS BY THESE PRESENTS; That a(corporation, a partnership, or an individual), hereafter called Contractor, and (Name of SuretyT) (Address of SuretyT) hereinafter called SuretyT, are held and firmlyT bound unto City of Elk River 13065 Orono Parkway, Elk River, MN 55330 hereinafter called O�vner, and unto all persons, firms and corporations `vho or `vhich ma�T furnish labor or materials, as defined in Minnesota Statute 574, to perform as described under the contract and to their successoYs and assigns in the total aggregate penal sum of in lawful money of the United States, foY the payment of which sum well and trulyT to be made, �ve bind ourselves, our heirs, executors, administrators, successoYs, and assigns, jointly and seveYally, firmly by these presents. THE CONDITION OF THIS OBL.IGATION is based upon a certain contract b�r and bet�veen Contractor and O�vner dated the da�T of , 2023, a copyT of �vhich is hereto attached and made a part hereof, for the construcrion of Houlton Conservation Area Bank Protection — Mississippi Site, generallyT described as follo`vs: 1110 LF toewood bench, 8091 CY common excavation and 0.8 acres vegetation establishment NOW, THEREFORE, if the Contractor promptlyT makes payment to all persons, firms, Subcontractors, and corporations furnishing materials for or performing labor in the prosecution of the WoYk provided for in such contract and any authorized extension oY modification theYeof, including all amounts due for materials, lubricants, oil, gasoline, coal and coke, repairs on machinery, equipment and tools, consumed or used in connection `vith the construction of such Work, and all insurance premiums on said Work, and for all labor, performed in such Work whether byT Subcontractor or other�vise, then this obligation shall be void; otherwise to remain in full force and effect. Payment Bond