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CHUBE--_-..;ROUP of Insurance C __ ;npanies
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<br />O~-~I,J~=~I=:~ 15 Mountain View Road, RO Box 1615, Warren, NJ 07061-1615
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<br /> FEDERAL INSURANCE COMPANY
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<br /> PERFORMANCE BOND
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<br /> Bond No. 8117-73-15 Amount $ 2,256,000.00
<br /> Know All Men By These Presents,
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<br /> That we,
<br /> Browning-Ferris Industries of California, Inc.
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<br /> (hereinafter called the Principal),
<br /> as Principal, and the FEDERAL INSURANCE COMPANY, Warren, New Jersey, a corporation duly organized under
<br /> the laws of the State of New Jersey, (hereinafter called the Surety), as Surety, are held and firmly bound unto
<br />
<br /> City of Redwood City, California
<br />
<br /> (hereinafter called the Obligee),
<br /> i, the sum of***Two Million Two Hundred Fifty-six Thousand and NO/100************
<br /> Dollars
<br /> ($ 2,256,000.00 ), for the payment of which we, the said Principal and the said Surety, bind ourselves,
<br /> our heirs, executors, administrators, successors and assigns, jointly and severally, firmly by these presents.
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<br /> Sealed with our seals and dated this lOTh day of November 19 87
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<br /> THE CONDITION OF THIS OBLIGATION IS SUCH, that whereas the Principal entered into a certain Contract with
<br /> the Obligee, dated October i , 19 87 for Solid Waste Collection
<br />
<br /> in accordance with the terms and conditions of said Contract, which is hereby referred to and made a part hereof
<br /> as if fully set forth herein.
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<br /> NOW, THEREFORE, THE CONDITION OF THIS OBLIGATION IS SUCH, that if the above bounden Principal shall
<br /> well and truly keep, do and perform each and every, all and singular, the matters and things in said Contract set
<br /> forth and specified to be by said Principal kept, done and performed, at the times and in the manner in said Con-
<br /> tract specified, or shall pay over, make good and reimburse to the above named Obligee, all loss and damage
<br /> which said Obligee may sustain by reason of failure or default on the part of said Principal so to do, then this obligation
<br /> shall be null and void; otherwise shall remain in full force and effect, subject, however, to the following conditions:
<br /> PROVIDED, HOWEVER, THAT THE TERM OF THIS BOND IS FROM THE 1ST DAY OF OCTOBER, 1987,
<br /> UNTIL THE 30TH DAY OF SEPTEMBER, 1994, AND CAN ONLY BE EXTENDED WITH THE EXPRESS
<br /> WRITTEN CONSENT OF THE SURETY.
<br />
<br /> (over)
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<br /> Form 15-02q)001 (Rev. 7-83) PRINTED
<br /> P-40540(20M) U,~A
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