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1 <br /> Gxecuted in duplicaie PAYMENT BOND Bond No. O 1G054186 <br /> KNOW ALL MEN BY THESE PRESENTS: That we, <br /> Goldeu Sture Utility Co. <br /> as Principal, and, Liherty Mutual Insurance Company Of�8nIZ8d e[1d <br /> existing under the laws of the State of Califomia <br /> Messachusetts and authorized to @X8CUt8 <br /> bonds and undertaking as sole surety, as Surety, are held and firmiy bound unto any and ail <br /> persons named in Califomia Civil Code Section 3181 whose claim has not been paid by the <br /> Contractar, company or corporation in the aggregate totai of <br /> Seventy Rvo thousand nvo hundred forty,eight&00/100 Doliars ($ 72,248.W ) (being <br /> 1 QO% of the ConVact amount} for the payment whereof, well and truly to be made, said <br /> Principal and Surety band themseives, thefr heirs, administrators, successors, and assigns, <br /> jointly and severaliy,firmty by these presents. <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 wo�lc, to-wit: <br /> CITY OF REDWOOD CITY FIBER OPTIC UPGRADE PROJECT <br /> NOW, THEREFORE, if the above-bounden Principal or his subcontracto�s faif to pay any of the <br /> persons named in Section 3181 of the Givil Code of the State of Califomia, or amounts due <br /> under the Unemployment Insurance Code with respect to worlc or labor performed unde� the <br /> Contract, 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 Contractor and his <br /> subcontractor pursuant to Section 13020 of the Unemployment Insurance Code of the State of <br /> California, with respect to such wo�lc and labor, the surety will pay for the same, in the amount <br /> not exceeding the sum specified in this bond, and also, in case suit is brought upon this bond, a <br /> reasonabte attorney's fee,to be fixed by the Court. <br /> This bond shall inure to the benefit of any person named in Section 3181 of the Civil Code of the <br /> State af Califomia so as to give a right of action to them ar their assig�ees in suit brought upon <br /> this band. <br /> This bond is executed and filed to comply with the provisions of the act of the Legislature of the <br /> State of California as designated in Civil Cocie Sections 3247-3252, inc{usive, and all <br /> amendments there#o. <br /> And the said Surety, far value received, hereby stipulates and agrees to waive the provisions of <br /> Califomia Civil Code Section 2819 regarding consent to change, extension of time alteration, or <br /> addition to the terms of the Contract, or to the worlc to be performed thereunder, or the <br /> Specifications eccompanying the same, shall in any way affect its obligations an this bond; and <br /> it does hereby waive notice of any such change, extension of time, alteration, or addition to the <br /> terms of the Contract, orto the work, or to the Spec�cations. <br /> CITY OF REDWOOD CITY FIBER OPTIC UPGRAQE PROJECT <br />