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<br />PERFORMANCE AND PAYMENT aOND
<br />KNOW ALL R�EN BY THESE PRESENTS that We,
<br />, as Prinripal and
<br />A�orporat� �n �erti f i ed by the Mi nnesota Corr�mi s s i Cr,��r af I n5urance and authori ze �o a�� >�'
<br />as a surety as provided in Minnesota Statu�:es Section 71.31 and 574.15), as Surety, are
<br />held an� firmly bound un�to the of
<br />a Minnesota mun7cipal corporation, hereinafter called the "�bligee", fior the use of the -
<br />Obligee and of all p�rsons and corpor�ations doing work oa� furnishing ski11, toa�is,
<br />machinery, mat�rial or insurance premiums under, or for �Ghe purpose of, the contract _;,.
<br />described be1ow, in �the amour�t of
<br />QOLLARS ($ , fr�r the payment of which well and tru y`
<br />to be made we bind aGrselves, an� each of us, and our, and each of our, successors and
<br />assigns, jointly and severally, firmly by these presents.
<br />WHEREAS the Principal has entered �nto a written contract with the Obligee dated
<br />, 19 , for:
<br />,,;.
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<br />ihe regularity and va�idity of which is hereby affirmed ar.d for which a bond is required ;i
<br />by M�nnesota Statu�tes Section 574.26;
<br />NOW, THEREFORE, if the Principal shall perform ar.d complete said con�r�ct in accord ,�.",�
<br />ance with its terms and shall pay, as they may become due, all just claims fQr such work, ;;
<br />tools, machinery, ski11, material, insurance premiums, and shall save the Obligee hat~mless;'�:
<br />from all costs and charges that may occur on accoun�t of the doing of the wdrk sp�cified
<br />and for the enforcing of the terms of th2s bond if action is brought herean, includin.g Y
<br />reasanable attorney's fees, in any case where such action is successfully maintained,, �
<br />and for the compliance with the laws appertainin5 thereto, then this bond shall be void,
<br />but otherwis� sha11 remain in full force and effect.
<br />No assignment, modification, or change in the contract, or change in the work
<br />covered thereby, nor any extension of time for completion of the contract, shall release
<br />the Surety on this bond.
<br />Sealed with our seals and dated this
<br />Witnesses to Contractor's signature:
<br />(Seal of Contractor)
<br />(If a Corporation)
<br />Witnesses to Surety's Signature:
<br />B,
<br />Its
<br />and
<br />Its
<br />day of
<br />Principal
<br />(Name of Contractor)
<br />Surety
<br />By
<br />G-29
<br />Its
<br />,19
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