Bond of contractors

Ark. Code Ann. § 14-123-406, under Levee Improvement Districts Generally.

Ark. Code Ann. § 14-123-406

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.