Statutes > Arkansas Statutes > Title 14 - Local Government > Subtitle 7 - Water And Soil Improvement Districts > Chapter 123 - Levee Improvement Districts Generally > Subchapter 4 - District Operation > § 14-123-406 - Bond of contractors.

§ 14-123-406 - Bond of contractors.

14-123-406. Bond of contractors.

The contractors shall give bond to the directors in a sum sufficient to secure the prompt execution of their contract, conditioned to pay any damages which shall result to the landholders of the district from a failure to perform their contracts or by reason of a negligent performance of the contract.