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Bond Number: 12101863
<br /> Premium Is Included In Performance Bond
<br /> PAYME1117 BOND
<br /> ICN�W ALL NA�N BY TMES� pRESENTS: That we, J &M,Inc.
<br /> as Principal, and, .The Guaxantee Company of Noxth America USA Ol'gSCtl�ed 8nd �XI5t1�9 Ulld@f fll�
<br /> l�ws of thE State of California, and authorized to exeCUte bonds and undertakit�g as sole surety,
<br /> as Surety, are held and firmly bound unto any and all persons named in California Civi! Code
<br /> �ection 3181 whose claim has not been paid by the Cantractor, campar�y or corporation in tha
<br /> aggr��t6 tOt�l of One Hundred Twenty-Four Thousand Nine Hundred------------------------�ollal'8
<br /> ( 124,900.00---------------� (being 10Q% d'f the Contract amount) for the payment whereof, well
<br /> and truly to b� made, said Principa) and Surety bond themselves, their heirs, administratars,
<br /> successars, and assigns,jointly and severally,firmly by these presents.
<br /> TH� Ct7NDITION O� THE FQR�,�"�+O�NG OBLIGATION 15 SUCH that, whereas the above wifih
<br /> the City of Redwood City("City")to do the fallowing work,to-wit:
<br /> SANITARY S�WE�AIR R�LE�SL V'pLVE REPLAC�l11rENT PRaJE�T
<br /> NOW,TH�R�FORE, if the above�bounden Princip�l or his subcontractors f�ii to pay any of the
<br /> persons named in Sectian 3181 of the Civii Code of fihe State of Californi�, or amounts due
<br /> under the Unemployment Insurance Cade with respect fa work ar labar performed under the
<br /> Can�tract, or for any �mounts requir�d to be deduct�d, withheltl, �nd paid o�er to the
<br /> Emplayment Develapm�nt Depa�fm�nt from the wages of employees of the Contractar and his
<br /> subcontrac�or pursuant to Section 13020 af the Unemployment lnsurance Code of the St�t� of
<br /> Califorrti�, with respeat fio such work and labor, the sur�ty will pay for th� same, in the amount
<br /> not�xceeding the sum specified ih this bond, and also, in case suif is br�ught upon tnis bond, a
<br /> r�asonable at�amey's�ee, to be fixed by the C�urt.
<br /> `I'F�is bond shall inure to the benefit af any person named iI1 SECtiqn 3181 of the Civil Code af the
<br /> State of California so as io give a right of action to thern or their assignees in suit brou�ht upon
<br /> this bond_
<br /> This bond is exECUted and filed to comply wi�h th� provisions of the act af the l.egislatura of�he
<br /> Stete af California as designated in Civif Code Sections 3247�3252, inclusive, �nd all
<br /> am�ndments#hereto.
<br /> And ths said Sura�ty, ft�r�alue received, hereby stipulates and agrees ta waive the provisians of
<br /> Califomia Civil Code Seciion 2819 regarding consent to change, exEensian of time alteration, or
<br /> addition to the terms af �he Cantract, or to the work to be perFanned ther�under, or the
<br /> Spec�icatians �ccx�mpanying the sarne, sh�il in any way ��fECt ifs oblig�tions on this bond; and
<br /> it do�s hereby waive notice of �ny such chang�, extension of time, alteration, or addition to the
<br /> terms of the Contract, or to the work, or to the Specifications.
<br /> SANITARY S�UVER A1R�2ELEASE VALVE aEpLACEMENT PROJECT
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