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BOND# 1883077
<br /> Premium: $2,466.00
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<br /> FAITHFUL P~!RFOF~.L~NCE BOND
<br /> KNOW' ALL MEN BY THESE PI~-~t~I~aTS*'~i~~, WHEO~ ~
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<br /> ~arican ksohalt ~epa~r & ~esurf~e~'Ca.. ,[nc/ , hereinafter ~eslgnat~
<br /> "Pdndpa]", a Con~, the terms aO~'~si~a ~ which Contm~ are
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<br /> ..2001 - 2002 Slurry Seal Pro~ect "~ ,
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<br /> · ~at~fu~ ~an~ or.id ~n~ ??' ~m~ ~ fum~h a bond
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<br /> .NOW, THEREFORE, we, the Princ~l,~lamd.' ,.Im~,u, rance Company of the West
<br /> as surety, are held and l~rmly bound ~,to, 'r-~l '~L,n ~. .... .. ............. ,,
<br /> penal sum of Three Hundred EleVen Thousand,Nine~Hundred, Dollam
<br /> ($ 311,935 50 ~, law~!
<br /> ,,~ .... · _ . ~ money ~i. i~e :.un[~a Sfate~ being one hundred percent
<br /> U uu m) aT me ~on~act amounL for the ~ ,yrper~ ,~f whloh sum weal and truly to be made
<br />
<br /> Y Y P' m. Thzrt:z ~±ve and 50/100 ....
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<br />THE CON mO '.ls
<br /> '..' UCH, that If the above bounaen
<br />Principal, his or its heirs, executors, e~[lfim)at~ ~-s, successors or assigns, shaJ/ in all
<br />things stand to.and abide by', en~!;:~'~l ,am .t~uly keep and faithfully perform the
<br />covenants, conditions, and
<br /> ~!d Contract and any alterations made
<br />as therein provided, on his or their p~j~ l~b ~ ),t. end performed at the time and in the
<br />manner therein Specified, and in.ail ~ct~ a[ ~rding to the r true intent and meaning,
<br />and shall indemnify and save ha~i~ LCTd , Its Council, Commissioners, boards,
<br />comm~ees; officers, employees and:~[~n.,~,.ii .ftharein stlpula'a~l, then this obiigaMon
<br />shall be null and void; otherwise ~t shall~ ~nd f main fn full tome and virb~e.
<br />As a condition preoedant to the smfi~,', [ '..c~. 51etlon of the said Contact. the above
<br />obligation shall hold good 'for e .p~.'~,{.d ~~ m (1) year after the compteffon and
<br />accepte~t~e of the Said .work, during ,~. ,'~,' ~ the above bounden Pr~n~pat, I've orits
<br />heirs, executors, admini~[~tom, su~r~ = ~ ~signs shall fail to make fu~l, c~mplete
<br />and satisfactory repair and replace~ ,or ally pmte~ the said City from lass or
<br />damage made evident during said pe~i.' ..~.~o~'e/,~ !,1) year from the daze of acceptanCe of
<br />said work, and resulting from or
<br />the,prosecution of the work done, rE6 ~:~e J~ ation shall be and ~emein Jn full force
<br />eno virtue.
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<br />And the said Surety for value race~ ~, Ihe]~.~ s~Ipulates and agrees ~o waive the
<br />previs ons of Ca~omia Civil Code Se~ ,~ ,2.81.1~J .l~;~arding consent to mange, extension
<br />of time, altemtfon, or addition m the fa1 p ~ .t~..~. ,b.ct or to the work to be performed
<br />the?under or th, e Specttlmations ac~z~ same shall In any wise affect ts
<br />~l,gations on this bond; and it doeei~ ~b~'g~,'.~j-~ notice of any such ~henoa, e~tension
<br />t[rne, alteration or addltlon ~0 the r[n~, ~.a Contract, or to the work, or ~o ~he
<br />SPechScafions.
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