Agmt10 Musson Theatrical, Inc. - Laserfiche WebLink

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,! 2~ GREA14MERlCAN Bond No. 3061226 Premium: $425.00 ---- INSURANCE etnIPAMES CINCINNATI,Omo PERFORMANCE BOND KNOW ALL MEN BY THESE PRESENTS, that we, Musson Theatrical, Inc. as principal, and the GREAT MIERICAN I1~SURANCE COlVIPANY, a corporation organized under the laws of the State of Ohio and duly authorized to transact business in the State of Ohio as Surety, are held and firmly bound unto City of Redwood City as Obligee, in the sum of Sixteen thousand nine hundred ninety nine and NO/100 Dollars ($16,999.00 ) for the payment whereof well and truly to be made the Principal and Surety bind themselves, their heirs, executors, administrator, successors, and assigns, jointly and severally, firmly by these presents. SIGNED, sealed and dated this 25th day of May 2010 WHEREAS the Principal and the Obligee have entered into a written contract, hereinafter called the Contract, a copy of which is or may be attached hereto, dated the day of for Main Drape Replacement at Veterans Memorial Senior Center NOW, THEREFORE, the condition of the foregoing obligation is such that if the Principal shall indemnify the Obligee for all loss that the Obligee may sustain by reason of the Principals failure to complete the work in accordance with the terms of the contract, then this obligation shall be void; otherwise it shall remain in force. PROVIDED, HOWEVER, it shall be a condition precedent to any right of recovery hereunder that, in event of any default on the part of the Principal, a written statement of the particular facts showing the date and nature of such default shall be immediately given by the Obligee to the Surety and shall be forwarded by registered mail to the Surety at its Administrative Office at 580 Walnut Street, Cincinnati, Ohio 45202. AND PROVIDED FURTHER, that no action, suit or proceeding, except as hereinafter set forth, shall be had or maintained against the Surety on this instrument unless the same be brought or instituted and process served upon the Surety within twelve months after completion of the work mentioned in said contract, whether such work be completed by the Principal, Surety or Obligee; but if there is any maintenance or guarantee period provided in the contract for which said Surety is liable, an action for maintenance may be brought within six months from the expiration of the maintenance period, but not afterwards, Musson Theatrical, Inc. Principal GREAT AMERICAN INSURANCE COMPANY ~4? '. CD ~~5 ,. '. , B: . Johnson I Attorney-in-Fact ?4eslf)~ r (Perf Boud F9608D.dot) .