Ill. Admin. Code tit. 92, pt. 550, app C - Blanket Bond for Highway Access Permits

STATE OF ILLINOIS

DEPARTMENT OF TRANSPORTATION

SPRINGFIELD, ILLINOIS

BLANKET BOND FOR HIGHWAY ACCESS PERMITS

KNOW ALL MEN BY THESE PRESENTS, That I(We) ____________________________________

_______________________________________________________________________________

as Principal and __________________________________________________________________

a corporation organized and existing under the laws of the State of ______________and licensed to do business in the State of Illinois, as Surety, are held and firmly bound unto the People of the State of Illinois in the penal sum of _____________ Dollars ($__________________________), lawful money of the United States, well and truly to be paid until said People of the State of Illinois, for payment of which we bind ourselves, our heirs, administrators, successors and assigns, jointly, severally, and firmly by these presents.

THE CONDITION OF THE FOREGOING OBLIGATION IS SUCH that; whereas, the Department of Transportation of the State of Illinois may, from time to time, issue to said Principal the right, permission and authority to construct access driveways and appurtenances thereto from private properties to and on State Highways, as fully described in each Permit and Permit Sketch, which by this reference are each and everyone made a part hereof as if written herein at length, in and by which Permits and Permit Sketches the said Principal has promised and agreed to construct said access driveways and appurtenances thereto in accordance with the terms and conditions of said Permits and Permit Sketches.

NOW, THEREFORE: if the said Principal shall well and truly perform said construction in accordance with the terms and conditions of said Permits and Permit Sketches to the satisfaction of said Department, and shall perform no other work or construction at any of said locations without first applying for and receiving other permits from said Department, then no claim or demand will be made against the above obligation: otherwise, so much of this bond as may be necessary shall inure to the benefit of said Department as cost and expense to change said construction to conform to the terms and conditions of any applicable Permit and Permit Sketch.

IN WITNESS WHEREOF, WE have duly executed the foregoing Obligation this ________day of _______________, A.D. 19____.

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Notes

Ill. Admin. Code tit. 92, pt. 550, app C