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110 West "A' Street Suite 1805 <br /> San Diego, Ca 92101 <br /> <br /> Payment Bond Number BE2627081 <br /> Premium is included in Performance Bond <br /> <br />BY THIS BOND, We, S.G. Barber Construction, Incas Princinal and CmlfInsurance <br />Company, San Dtego Ca, a corporaiaon, as Surety are bound unto C~ty of Redwood <br /> City herein called Owner in the sum~f <br /> One hundred fifty thousand & no/100 ~1-$0,000.00. <br />for the payment of which we bind ourselves, our heirs, personal representatives, successors and <br />assigns, jointly and severally. <br /> <br />THE CONDITION OF THIS BOND is that if principal: <br /> <br />1. Promptly makes payments to all lienors supplying labor, material, and supplies used directly <br />of indirectly by Principal in the prosecution of the work provided in the contract dated the 24th <br />day of October 2001 . between Principal and Owner for construction of <br /> <br />the contract being made a part of this bond by reference; and <br /> <br />2. Pays Owner all loss, damage, expenses, costs, and attorney's fees, including appellate <br />proceedings that Owner sustains because of default by Principal under paragraph 1. Of this bond; <br />then this bond is void; other~vise, it remains in full force. <br /> <br />Any changes in or under the contract documents and compliance or noncompliance with <br />formalities connected with the contract or ~ith the changes do not affect Surety's obligation <br />under this bond. <br /> <br />Dated on 24th day of October 2001 <br /> <br /> S.G. Barber Co~ruetion, Inc. <br /> ~...~rincip~ t~.~ <br /> Title <br /> <br /> GULF INSU~E COMPANY <br /> <br /> y in fact <br /> <br /> <br />