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<br />MaY. 7, 2007 1 :08PM <br /> <br />Cass County Highway Dept. <br /> <br />No.5912 p. 2/5 <br /> <br />Cass County Highway Department <br />Contract Bond <br /> <br />Project No. CH0701 <br />KNOW ALL MEN BY THESE PRESENTS, that we Mark Sand & Gravel ComDsnv. PO Box 458. Feruus Falls. <br />MN 56538. <br /> <br />as principal, and <br /> <br />HoUlE AND ADDRESS OF SURETY <br /> <br />as surety, are held and firmly bound unto Cass County, North Dakota, as owner in the penal sum of Eight Hundred <br />Twenty-one Thousand Nine Hundred Ninetv~five and 09/100.($821.995.09) <br /> <br />for the use of the owner and also for the use of any person having any lawful claim against the principal or any <br />subcontractor on account of labor or supplies or materials as set forth in the conditions hereof; for the payment of <br />which well and truly to be made we jointly and severally bind ourselves. and each of our heirs, executors, <br />administrators, and successors, firmly by these presents. <br /> <br />WHEREAS, said principal has entered into a written contract with the owner for: <br /> <br />In Cass County, North Dakota, which contract and incorporated plans and specifications are by this reference made <br />a part hereof, and are hereinafter referred to as the contract. <br /> <br />NOW, THEREFORE, THE CONDITION OF THIS OBLIGATION IS THAT if the principal shall: (1) perform all the <br />terms, covenants and conditions of said contract; (2) protect the owner against any loss or damage from any cause <br />arising out of said contract; (3) payor cause to be paid all bills and claims against the principal or any subcontractor <br />on account of labor or services performed and all materials, equipment or supplies furnished, whether directly or <br />indirectly arising out of the performance of said contract; (4) pay all insurance premiums and all items for which <br />payment under the terms of the contract is to be made or guaranteed by the p~inclpal; (5) have made or will make, <br />prior to the commencement of any work by the principal or any subcontractor under such contract, full and true <br />report to the Worker's Compensation Bureau of the payroll expenditures for the employees to be engaged in such <br />work, and that the principal has paid, or will pay, the premium thereon prior to the commencement of such work; (6) <br />payor cause to be paid all contributions due to the Unemployment compensation Division; and (7) payor cause to <br />be paid any and all taxes that may be assessed or levied or to be a charge against such contractor or any <br />subcontractor under such contract by the state or any of its subdivisions; then this obligation shall be null and void; <br />otherwise it will remain in full force and effect. <br /> <br />And the said surety hereby stipulates and agrees that any change, extension. alteration, deduction or addition, with <br />or without notice to the surety I in or to the terms of said contract or the plans or the specifications accompanying the <br />same as provided for therein, shall not in anywise affect the obligation and liability of said surety on this bond. <br /> <br />10f3 <br />