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A'T'TR►CHM�NT "D„ gon��: 1058'14U95
<br /> Prernium;$336,00
<br /> PAYM�fVT BOND
<br /> I<NOW ALL MEN BY THESE PRESENTS:That we,
<br /> O'Grady paving,Inc.
<br /> as Rrinci�al, and, Travelers Casualty and Surely Company of Amer�ca organizecf
<br /> and eXisting under ihe laws of the State of X�3#"tf�DQI�C
<br /> Connecticut , and au#horized to execute
<br /> bonds and unde�taking as sole surety, as Su�ety, are held and firmly bou��d unto atry and al!
<br /> nersons named in California Civil Cqde Section 31II1 whose claim has not been �iafd by fhe
<br /> Confractor, com�any or cor�oration in the aggregafe total of
<br /> Seventy Thousand&00/100 . Doll�rs (�, 70�0OO.Ofl ) (beln�
<br /> 100%of the (Permit amount}for the payiiient whereof,well and truly fo be made,said Principal
<br /> an�l Surety k�and themselves, their helrs, administratars, successors, and assigns, Joirttly and
<br /> severaily,fir±iily liy these�ireser�ls,
<br /> 7H�.CONb17iON OF 7H� �OR�GOING OBI.IGATION IS SUCH that,whereas the above with
<br /> ihe City of Redwood City ("Cily"} to do ihe foliowing work for"Cffy" issued Constructioi� Permit,
<br /> to-w1#:
<br /> Q��e Mari�ia Pro]ect
<br /> NOW,TH�REI=QI��, if the above-bounden Principal or his subcontractors fai!to pay any of the
<br /> persoi�s name� in Sectfon 3181 of the Civil C�de of the State of Galifornta, or amounts due
<br /> under fhe Unemployment Insurance Code with re5�ect to wo�k or fabor pertormed uitder ihe
<br /> Contract, or for any arnounts required to be deciucied, withheld, ancf naid over #o the � i
<br /> Employment Development Department from the wages of employees of the Contractor ar�d his
<br /> subcontr�ctor pursuanE to Secfian 13020 of ti�e Unemp(oyment Insurance Code of the State of '
<br /> Galifornla, with respect to such work and labor, the surety wfll pay for tha same, (n t�te atriou�t ,
<br /> not exceeding fhe sum speclfied In fhis t�ond, and also, in case suit is brought u�an thi5 bond, a '
<br /> reasonable attorney`s fee,ta be fixed by#he CQUrt, � '
<br /> Tlils bond shail inure to fhe benefit of any person nameci in Seclion 3'E81 of the Ci.vii Code of ihe
<br /> State of Cal'iforn(a so as to give a riglit of action to them or fheir.a.ssignees ln suit brought upon
<br /> this[�ottd,
<br /> This bond is executed and fiiect to comply w(th the provisions of the act of the Legislafure of the
<br /> State oF Californla as desfgnaEed ln Civil Code Sections 3247-3252, inclusive, and all
<br /> amendments thereto,
<br /> Anci the safd Surely, for value received, liereby stl�ulates anci agrees to Waive the prov'ision5 of
<br /> Californla Civii Code Secti�n 2£3'{9 regarding consent to change, extensio�.of time afteration, or
<br /> additlon to,`.the tetms of tbe Permit, or to fhe work to be performed thereurider, or fhe
<br /> �pecifications accompanying.the s2me, shali I�i any way affect its obligafions on this bond;and
<br /> i#does hereby waive not(ce of any sucf� change, extension oi tfine, alte�ation,or adci(tion to the
<br /> terins di tl�e Contracf,or to the work, or to tl�e Specifications.
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