Heard Act bond
Defined in 1 dictionary — Case Law
Definitions from Case Law
From 244 U.S. 376 - Illinois Surety Company v. John Davis Company E H B · 1917Most cited · 696 citing opinions
The purpose of the act was to provide security for the payment of all persons who provide labor or material on public work. This was done by giving a claim under the bond in lieu of the lien upon land and buildings customary where property is owned by private persons... the statute and bonds given under it must be construed liberally, in order to effectuate the purpose of Congress as declared in the act.