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' ,Bonc�No: 12113593 Executed in Duplicate Premium is included in the performance bond
<br /> subject to adjustments based on final contract price.
<br /> PAYI4��NT E3t9!(dD
<br /> KrtOW ALL MEN �Y°�HE a� �"F�E��N�"S: That w�,
<br /> American Asphalt Repair and Resurfacing Company,Inc.
<br /> �s Princ�pai, and, The Guarantee Company of North America USA tyt��nized �rtd
<br /> existing under the laws of the S#ate pf
<br /> Michigan , and authorized to execute
<br /> bondg and undertaking as sole surety, as Sursty, are held and firmly bound ur�to any and all
<br /> persans named in Califomia Givil Code SectEon 3181 whcsse claim has not been paid by the
<br /> Confiractor, company ar corporation in the aggregate to#al c7f
<br /> Seven Hundred Sixty Two Thousand Three Hundred Twenty and 74/100 ����ar� �� �(2,320.74 � (����
<br /> '!00°r6 of the Corrtraet amount}far the payment whereof, well and irufy to be made, said Principaf
<br /> and Surety band themselves, their heirs, administrators, successars, and assigns, jointfy and
<br /> severaily,firmly by these presents.
<br /> THE CONDlTIC1N CiF THE FC7REGt31NG �BLIGATIUN IS SUCH tt�at, wher�as the �bove with
<br /> the City of R�dwaod City ("City"}#a do th�;foilowing work, to-wif:
<br /> 20'13-2�14 Sl.11RRY�EAL PRaJECT
<br /> N�W, THEREFORE, if the �bove-bounden Principa! ar his subcontractars fail #o pay any of the
<br /> persans namec!in Section 3181 of the Civil Code af tt�e State of Califorr�ia, or amour�l�dr.�e under
<br /> the Unempfoyment Insurance Code with respect to wcrrk vr labor perfarmed under the Cvntract,
<br /> or far any amounts required to be deduc#ed, withheld, and paid over to the Empioyment
<br /> Development Departrnent from the wages of�mployees af the Cantractor and his subcontractor
<br /> pursuant to Section 13420 of the Un�mplayment Insurance Code of the State of Califvmia, w�h
<br /> respeet to such wark and labor, the surety wil! pay for the same, in the amount not exceeding the
<br /> sum specified in this bond, and alsc�, in case suit is brought upon this bond, � reasonable
<br /> attorney's fee, #o be fixed by the Court.
<br /> This bond shall inure to the b�nefit r�`any persan nam�d in Section 3181 of the Civil Code afi the
<br /> State of Califomia sa as to give a right of action to them flr their ass�gnees in suit brought upon
<br /> this bond.
<br /> This bond is executed and filed to compiy vrrith the pravisions of the act of the Legislature of the
<br /> State of Califamia as designated in Civi! Code Sections 3247-3252, inclusive, and all
<br /> amendmerrts thereto.
<br /> And the said Surety, for value received, hereby stipulates and agrees ta waive the provisions of
<br /> California Civil Code Section 2819 regarding consent to change, eu#ension af time �lteration, ar
<br /> addition to the terms af th� Contract, or to the work to be performed thereunder, or the
<br /> Specificatians ac�ompanying the same, shafl ir�any way aifect its abfiga#ions an this bond; and it
<br /> daes hereby w�i�re notice of any such change, extension of time, alteration, or additi€�n to the
<br /> terms af#he Gc�ntrac�, or to the wark, ar to the Specific�tic�ns.
<br /> !N WITNESS WHEREC?F, the above bounden parties have executed this 'rns�rurnent under fhe'rr
<br /> seals this z�ch day of October ,20�4 the name and carporate seal of
<br /> each corporate party b�ing hereta affixed and these presents duly signed by its undersigned
<br /> representative, pursuant ta aufihority t�f its gaveming body.
<br /> ATTES7: American Asphalt Repair and Resurfacing
<br /> Company, Inc.
<br /> Princip�t!
<br /> {��AL)
<br /> PAYMEN7 BOtJa
<br /> 2013-2014 S�URRY SEAL FROJECT
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