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<br />.- <br /> <br />BOND NO.#1363984 <br />PREMIUM: $779.00 <br /> <br />SECTION 00202 <br /> <br />PAYMENT BONDROYAL SEAL ASPHALT <br />KNOW ALL MEN BY THESE PRESENl S: That we, MAINTENANCE CO., INC .as <br /> <br />Principal, and, FAR WEST INSURANCE COMPANY organized <br />and existing under the laws 01 thti State of £alifllŒÓfiK NEBRASKA <br />, and authorized to <br />execute bonds and undertaking as sole $urety, as Surety. are l1eld and firmly bound <br />unto any and;:all pel"Sons named in California Civil Code Section 3181 whOse claim has <br />not been paid by the Contractor, company or corporation in the aggregate lotal of <br />I~bRgQ /~~ THOUSAND ONE HUNDRED FIFT.1..- Dollars ($ 31,150.00 } <br />(being 100% of the Contract amount) for the payment whereof, well and truly to be <br />made, lliaid PrincÎpal and Surety bond thAmselves. their heirs, administrators, <br />successors, and assigns, joinUy and severally. firmly by these presents. <br /> <br />THE CONDITION OF THE FOREGOING OBLIGATION IS SUCH that, whereas the <br />above with the City of Hedwood City rCily") to do the following work, to-wit: <br /> <br />SPEED HUMP INSTALLATION 1998-99 <br /> <br />NOW, THEREFORE, if the abov~bounden Principal or his subcontractors fail to pay <br />any of the persons named in Section 3181 of the Civil COde of me State of California, <br />or amounts due under the Unemployment Insurance Code with respect to work or labor <br />performed under the Contract, or for any amounts required to be deducted, witl'\held, <br />ëind paid over to the Employment DAvelopment Department from the wages of <br />employees of the Contractor and his subcontractor pursuant to Section 13020 of the <br />Unemployment In:iuranœ Code of the State of Califomi~, with respect to such work <br />and labor. the surety will pay for the same, in the amount not exceeding the sum <br />specified in tnls bono, and al:su, in case suit is brought upon th;~ bond, a reasonable <br />attorney's fee, to be fixed by the Court. <br /> <br />This bond shall inure to the benefít of any person named in Section 3181 of the Civil <br />Code of the State of California so as to give a r1gtlt uf action to them or their :assignees <br />in ~LJit brought upon t.~is bond. <br /> <br />Thi£ bonn 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 />inclu:;¡iv&, and all amendmants thereto. <br /> <br />And the said Surety, for vall tI! received, hereby stipulates and agrees to waive the <br />provisions of California Civil Code Section 2819 regarding consent to change, <br />exteusion of time alteration, or addition to the tArms of the Contract. or to the work to be <br />performed thereunder, or the Specifications accompanying the same, shall in any way <br />affect its oDllgatiomi un thi5 bond; and it does hereby waive notice of any such change, <br />extension of time, alteration, or addition to the terms of the Contract, or to the work, or <br />to the Specifications, <br /> <br />PAYMENT BONIJ <br /> <br />00202.1 <br /> <br />-.--.-. ._- - <br />