Each bond is deemed to contain the following provisions whether such provisions are inserted in such bond or not: “The principal and sureties on this bond agree that all the undertakings, covenants, t

Description

erms, conditions and agreements of the principal and the village will be performed and fulfilled and to pay all persons, firms and corporations having contracts with the principal or with sub-contractors, all just claims due them under the provisions of such contracts for labor performed or materials furnished in the performance of the contract on account of which this bond is given, when such claims are not satisfied out of the contract price of the contract on account of which this bond is giv