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' Bond #1000933811
<br /> Premiw�: Included
<br /> PAYMENT BOND
<br /> KNOW ALL MEN BY THESE PRESENTS: That we ^'�Nabb Construction, Inc.
<br /> dba: DK IIzvironmental
<br /> as Principal, and, 1�nerican Contractors Inciermity Comornv organized and
<br /> existing under the laws of the State of California
<br /> , and authorized to execute
<br /> bonds and undertaking as sole surety, as Surety, are held and firmly bound unto any and all
<br /> persons named in California Civil Code Section 3181 whose Gaim has not been paid by the
<br /> Contractor, company or corporation in the aggregate total of
<br /> One hc3recl seven thousand eiaht hundrecl* Dollars ($ 107,828.00 )(being
<br /> 100% of the ConVact amount) for ihe paymerrt whereof, well and truly to be made, said
<br /> Principal and Surety bond themselves, their heirs, administretors, successors, and assigns,
<br /> jointly and severally, firmly by these preserrts.
<br /> THE CONDITION OF THE FOREGOING OBLIGATION IS SUCH that, whereas the above with
<br /> the City of Redwood City ("City") to do the following work, to�vit:
<br /> STULSAFT PARK ROAD REPAIRS PROJECT
<br /> NOW, TFfEREFORE, if the above-bounden Prinapal or his subcontrectors fail to pay any of the
<br /> persons named in Section 3181 of the Civil Code of the State of California, or amounts due
<br /> under the Unemployment Insurance Code with respect to work or labor performed under the
<br /> Contrad, or for any amounts required to be deducted, withheld, and paid over to the
<br /> Employment Development Department from the wages of employees of the Contrador and his
<br /> subcontractor pursuarrt to Section 13020 of the Unemployment Insurance Code of the State of
<br /> Califomia, with respect to such work and labor, the surety will pay for the same, in the amount
<br /> not exceeding the sum specified in this bo�d, and also, in case suit is brought upon this bond, a
<br /> reasonable attorneys fee, to be fuced by the Court.
<br /> This bond shall inure to the benefd of any person named in Section 3181 of the Civil Code of the
<br /> State of Cal'rfomia so as to give a right of action to them or their assfgnees in suR brought upon
<br /> this bond.
<br /> This bond is executed and filed to comply with the provisions of the act of the Legislature of the
<br /> State of Califomia as designated i� Civil Code Sections 3247-3252, inclusive, and all
<br /> amendments thereto_
<br /> And the said Surety, fw value received, fiereby stipulates and agrees to waive ihe provisions of
<br /> Cal'rfomia Civil Code Section 2819 regarding consent to change, extension of time aReration, or
<br /> addition to the terms of the Contract, or to the work to be pertormed thereunder, or the
<br /> Specifications accompanying the same, shall in any way affed its obligations on this bond; and
<br /> it does hereby waive notice of any such change, eMension of time, alteration, or addition to the
<br /> terms of the Contract, or to the work, or to the Specifications.
<br /> 1N VYITNESS WHEREOF, the above bounden parties have xecuted this instrument under their
<br /> seals this 31st day of Jan�rv ,20 the name and wrporate seal of
<br /> *twenty eight and no/100---------------
<br /> STULSAFf PARK ROAO REPAIRS PROJEC7
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