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<br />Bond Executed in Duplicate <br /> <br />Bond No: 82189232 <br />Premium: Included <br /> <br />PAYMENT BOND <br /> <br />KNOW ALL MEN BY THESE PRESENTS: That we, <br /> <br />Republic Intelligent <br /> <br />Transportation Services, Inc. <br /> <br />as Principal, and, <br />and existing <br /> <br />Federal Insurance Company organized <br />under the laws of the State of ~ifGrflta- <br />Indiana ' and authorized to <br />execute bonds and undertaking as sole surety I as Surety, are held and firmly bound unto <br />any and all persons named in California Civil Code Section 3181 whose claim has not <br />been paid by the Contractor, company or corporation in the aggregate total of <br />one hundred eighteen thousand eight* Dollars {$ 118,875.00 ~ <br />(being 100% of the Contract amount) for the payment whereof, well and truly to be <br />made, said Principal and Surety bond themselves, their heirs, administrators, <br />successors, and assigns, jointly 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 Redwood City ("City") to do the following work, to-wit: <br /> <br />MIDDLEFIELD ROAD IN-ROADWAY WARNING LIGHT SYSTEM <br /> <br />NOW, THEREFORE, if the above-bounden Principal or his subcontractors fail to pay any <br />of the persons named in Section 3181 of the Civil Code of the State of California, or <br />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, withheld, <br />and paid over to the Employment Development Department from the wages of <br />employees of the Contractor and his subcontractor pursuant to Section 13020 of the <br />Unemployment Insurance Code of the State of California, with respect to such work and <br />labor, the surety will pay for the same, in the amount not exceeding the sum specified in <br />this bond, and also, in case suit is brought upon this bond, a reasonable attorney's fee, <br />to be fixed by the Court <br /> <br />This bond shall inure to the benefit of any person named in Section 3181 of the Civil <br />Code of the State of California so as to give a right of action to them or their assignees in <br />suit brought upon this bond. <br /> <br />This bond is executed and filed to comply with the provisions of the act of the Legislature <br />of the State of California as designated in Civil Code Sections 3247-3252, inclusive, and <br />all amendments thereto, <br /> <br />And the said Surety, for value received, hereby stipulates and agrees to waive the <br />provisions of California Civil Code Section 2819 regarding consent to change, extension <br />of time alteration, or addition to the terms of the Contract, or to the work to be performed <br />thereunder, or the Specifications accompanying the same, shall in any way affect its <br />obligations on this bond; and it does hereby waive notice of any such change, extension <br />of time, alteration, or addition to the terms of the Contract, or to the work, or to the <br />Specifications. <br /> <br />*hundred seventy five & 00/100-- <br /> <br />BOND <br />MIDDLEFIELD ROAD IN-ROADWAY WARNING LIGHT SYSTEM <br />