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<br />. FAITHFUL pe.RFORMANCE BOND
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<br />KNOW ALL MEN BY THESE PRESENTS: that, WHEREAS, the City of Rer woûd
<br />Cay(IICity") , San Maleo County, State of California, lIes awarded to
<br />Yamada Enterprises ,hereinatterdesignated as ihs
<br />"Principa'", a Contract, the terms and provisio03 of which Contract are Incorporated
<br />herein by referenoe. for constructing the fal/owing project:
<br />~~~n Library Mobile C~~ct She~X~~_~ç~-------, and
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<br />r 'CUTED IN ~UPLIC^TE
<br />b_dl. CAC3445
<br />PREMIUM: $384.00
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<br />WHEREA9, said Principal is required under t~le terms of said Contract te furnish a bOC1(j
<br />for the faithful pelformanc:e of said Contract;
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<br />NOW, THEREFORE, we, the PrincIpal, and _.~ants Bonding Compan:r_,
<br />as surety, are held and firmly bOLtnd unto City,San Mateo County, CeJifornia. in the
<br />penal s:um of Tw~ntl six thousand fI_!~ hundre«L-_'!.~iJdIanofour
<br />($ 26.664.00 ), lawful money of the United States, being one hundred p!~rcent
<br />(100%) of the Contract amount, for the payment ~'i which sum well and truly to be Illad~,
<br />we bind ounoelves, our heirs, executors, administrators and successors, jointly and
<br />severally, firrrly by these presents.
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<br />THE CONDITION OF THIS OBLIGATION IS SUCH, that if the above bounden Principal,
<br />his or Its heirs, executors, administrators, successors or assigns, shall in all fhings stand
<br />to and abide by, and well and truly keep and faithfully perform the covenants, conditions,
<br />and agreements in the said Contract anrj any alterations made as therein provid&'d, on
<br />hi$ or their part, to be kept and performed at the lime and in the manner therein
<br />s:>eclfled. and In all respects a(:çording to their true intent and meaning, and shE'dl
<br />indemnify and save harmless City, its ColJncil, Commissioners, boards, committees,
<br />officers, emplo}'ees and agents, as therein stipulated, ther\ thIs obllgatioTl shall be rl'JIl
<br />and void: otherwise it shall be and remain In fulllorœ and virtue.
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<br />and 00/100
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<br />As. a oOl)ditlon precedent to the satisfactory completion of the said Contract, the above
<br />obligation shall hold good fer a perIod of one (1) year aller the completion and
<br />acœptam:e of the said work, during which time if the above bounden Principal, his or its
<br />heirs, executors, administrators, successors: or aS~¡ign6 shall fall to ITlake fIJII, comp:eie
<br />and satisfactory repair and replacememts or tolaBy protect the said City from loss or
<br />damage made evIdent d'_irlng said period of one (1) year from the dale (If acceptance af
<br />said work, and reBulling from or caused by defective materials or faUlty wDrkrnanship, in
<br />the prosecution of the work done, the above obligation shall be and remain in full force
<br />and virtue. .
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<br />And the said Surety, for value received, hereby stipulates and agrees 10 waive the
<br />provísions of California Civil Code Section 2319 regarding consent to change, !':xtension
<br />of lime, alteration. or addition to. the terms of the Contract or to the work to be performed
<br />Iherèunder or the Specifíœtions accompanying the same shall in any Wise affect Its
<br />obligations on this bond; ana it does hereby waive notice of any such l1hange. extension
<br />of time, alferation or addition to the terms of the Cont,act, or to the work, or to t116
<br />Specifications. .
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