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<br />Nov-09-04 10:00A P.13
<br /> Bond No: TB4163
<br /> Premium: $2,188.
<br /> (included in Performance Bond)
<br /> PAYMENT BOND
<br />KNOW ALL MEN BY THESE PRESENTS: That we, s.c. Barber Construction, Inc.
<br />as Principal, and, Fidelity and Guaranty Insurance Company
<br />organized and existing under the laws of the State of California
<br /> , and authorized to
<br />execute bonds and undertaking as sole surety, as Surety, are held and firmly bound
<br />unto any and all persons named in California Civil Code Section 3181 whose claim has
<br />not been paid by the Contractor, company or corporation in the aggregate total of
<br />Eighty Seven Thousand, Five Hundred and no/OO Dollars ($ 87,500.-------- )
<br />(being 100% of the (Permit amount) for the payment whereof, well and truly to be made,
<br />said Principal and Surety bond themselves, their heirs, administrators, successors, and
<br />assigns, jointly and severally, firmly by these presents.
<br />THE CONDITION OF THE FOREGOING OBLIGATION IS SUCH that, whereas the
<br />above with the City of Redwood City ("City") to do the following work for "City" issued
<br />Construction Permit, to-wit:
<br /> REDWOOD SHORES PARKWAY LOOP DETECTION
<br /> INST ALLA TION PROJECT
<br />NOW, THEREFORE, if the above-bounden Principal or his subcontractors fail to pay
<br />any of the persons named in Section 3181 of the Civil Code of the State of California, or
<br />amounts due under the Unemployment I nsurance Code with respect to work or labor
<br />performed under the Contract, or for any amounts required to be deducted, withheld,
<br />and paid over to the Employment Development Department from the wages of
<br />employees of the Contractor and his subcontractor pursuant to Section 13020 of the
<br />Unemployment Insurance Code of the State of California, with respect to such work and
<br />labor, the surety will pay for the same, in the amount not exceeding the sum specified in
<br />this bond, and also, in case suit is brought upon this bond, a reasonable attorney's fee,
<br />to be fixed by the Court.
<br />This bond shall inure to the benefit of any person named in Section 3181 of the Civil
<br />Code of the State of California so as to give a right of action to them or their assignees
<br />in suit brought upon this bond.
<br />This bond is executed and filed to comply with the provisions of the act of the
<br />Legislature of the State of California as designated in Civil Code Sections 3247-3252,
<br />inclusive, and all amendments thereto
<br />And the said Surety, for value received, hereby stipulates and agrees to waive the
<br />provisions of California Civil Code Section 2819 regarding consent to change, extension
<br />of time alteration, or addition to the terms of the Permit, or to the work to be performed
<br />thereunder, or the Specifications accompanying the same, shall in any way affect its
<br />obligations on this bond; and it does hereby waive notice of any such change, extension
<br />of time, alteration. or addition to the terms of the Contract, or to the work, or to the
<br />Specifications,
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