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<br /> Bond No. F17203
<br /> $ECTIONOO620'
<br /> PAYMENT E30ND
<br />KNOW ALL MEN BY n-tESE PRES:ENT-S: Th~ wel Corrpro Companies, Inc.
<br />as 'Prtn.cipa4 and) ACSTAR Insurance Company org,anized and
<br />existfng ~nP,er 'trre laws (Jf the State Of Illinois
<br /> , and authorized to ~cme
<br />bonds and undert.ak1ng as sole s.~rety. as Surety, are held and f!n1'1ly bo.und vnto ~ny and 1311.
<br />p8.T'$'9IlS na~ in Ci;dffomia Civil Code Section 3181 whose Claim has not been paid by the
<br />,c.ont~or, ~mpahY or cOtp'oraiion in the aggregate total ~
<br />Five Hundred Twenty Nine Thousand & 00/100 Doflar$ ($ 529,000.00 ) (b~ing
<br />100% of the ~ot.ract, amount) for thJ;:! p~lT1.ent wheT~of, well and tr(j~y to he made.., sa,ict
<br />PrinCipal and Surety bond themselves, their heirs, administratGfS, slIccessors, and assJam,
<br />Jointly and s:ev.erally" firmly by these presents.
<br />mE :CONDltrON QF THE FOREGOiN.G O,BlfGATlON IS, SUCH that, whereas the ahqve with
<br />the City of Redwood City f'Cityj'ta do tlre following work, t<rwit:
<br />CAT'HOOIC PROTECTION SYSTEM UP~RADE$, FOR THE TOPAZ AND REDWOOD
<br />, " . .
<br /> SHO,RE$ WATER TRANSMlSSrO'N PIPEL.INES
<br />NOW" nIE:REFORE. If the abov'~-b,ounden Princip<ill QI hi$ subC<Ontractars. fail to pay any ofthe
<br />persor:1S tlaTJied ir1S~on 31S1 <>f the crvit Code of the State of Ca"fomia~ '01 amqul1~ -du.e
<br />under the Unemployment Jrrsurance C.ode with respect to W9'rk Q'r labor perfprmed und~r the
<br />Con~ct~ Q~ for pny ~moUn~ requireti tp be d~~ucted, wjthhel'd, arid paid oVer to the
<br />Employm,eJit oev(!lQpfn:erltDepartrilent from 'the wages of employees of the Contractor and hi~
<br />subcontractor pursuant to Secticn 13020 of the UnerrrpIoyme:nt Irrsuranqe God~ Qfthe S~t~ of
<br />Cafifomia" wit~ resp~~ to such work 'and l~bQr, th'!9' $ure.ty will Ray for the same. in the amount
<br />not ~xce,e:dihg the ~um ~pe'Clfied In this bond. ,and also, in case sUit is brought upon thIs bond. a
<br />reasonable attorney's fee" to lie fIXed ,by the' CO.l.lrt.
<br />This qond ,shat! iru;u.e to ,th.e ~nefit of ;my pe.rs'o'n named in Section 3181 of the Civil C,ode .of the
<br />~te .af California $0, as to give a right of action to them orthl;tr assignees in ~it :Pr~ught upon
<br />this bo'nd.
<br />TJ:'lIs bond ~ ~xeCl.lt~ anq filed to comply. with the pro-visions of the ad of the Legislature of the
<br />S~te of CallfomJi\l as desrg.l1ated In eMI Code ~ctions' ~7~52, Incl~i:V:e. and aU
<br />amend.ments. thereto.
<br />And the sakf Surefy, fot Value receiv.ed, hereby stipulates and agrees to waive the provisIons of
<br />California ,CiVU Code Section 2819 regarding consent to change, e~rrsion of timealterat,io,tl, or
<br />additlpn to- the' teJm$ pf the C,qmrae.t. or to the work to be performed thereunder, or the
<br />Sp.eeiucatJc1O$ accompanying the sam'e, shall in any way affect its obligations on this bond; and
<br />it does hereby waiv.e notice of any sueh change, extensi~m pf time, ,alteration. 01' addition to the
<br />teuns of the Contract, or ta th~ work, or to the Spec.ifications.
<br />PAYMENT aONO 0052o-t
<br />CATHODIC PRoTECllON SYSTEM UP~RADE:S - TOPAZ AND RWS \/VATER TRANSMISSION PIPELINES
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