Agmt13 Nichols Diamond Tool, Inc.

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- . � Bond No: 10004794 � Premium: Included PAYMENT BOND KNOW ALL MEN BY THESE PRES�NTS� That w�, IViCho s Diamond Tool Inc. __ as Princi�al, and, Hudson Insurance Comoany organized and existing under the laws of th� State of California *Delaware , and autharized to execute bonds and undertaking as sole sur�ty, as Surety, are h�ld and firmly bound unto any and all persons named In California Ci�il Code Section 3181 whose Clairn h2�s nat been paid by the Contractor, company or carporation in th� aggregate tptal of Nine Thousand Seven Hundred Thirty-Five and NQ/1 QQ Dollars {$9.735.00 __) (being 140°k �f the Contract amount) for the paym�nt whereof, well and truly to be made, said Principal and Surety bond themselves, their heirs, administrators, successors, and assigns,join#ly and severally,firmly by these presen#s, THE CQNDITIbN a� 7H� FOREGOING �BLIGATION lS SUCW that, whereas the above with th�City af Fiedwood City ("City") t�do the�fallowing work,#o-wit: R�qWOC7D C1TY PUBLIC LIBRARY CONCRE7E WALL PEN�TRATION 1044 MIDDLEFIELD ROAd N�JVII,THEREFORE, if the abo�e-bounden Princip�l or his subcontractars faii to pay any of the persons named in Section 3181 of the Givil Code af the State of Califomia, or amounts due under the Unempl�yment Insurance CQde with respect ta work or labor perFormed under the Contract, or for any amounts required #o be deducted, withheld, and paid over to the Employment Development Department fram the wages of emplayees of the Contractor and his subcontraCtor pursuant ta SeGtion 13020 of the Unemplayment Insurance Code of the State af C�lifornia, with respect to such work and labor, the surety wil! pay far the same, in the amaunt not exceeding the sum spec'�'ied in this bond, and also, in case suit is brought upon this bond, a reasanable attomey's fee, to be fixed by the Caurk. �'his bond shall inure to the benefit of any person named in Section 3181 of the Civil Code af the State of Cafifornia so as ta give a right of actian to them or their assignees in suit brought upon this bond. This bond is executed and �led to comply wi#h the provisions of the act of the Legislature of the Stat� of G�lifomia es designated in Civil Cade Sections �247'�3252, inclusive, and all amandrttents thereto. And the said Surety, for value received, hereby stipulates and agrees to waive the provisians of California Civil Cade Sectian 2819 regarding consent to change, extension of time alteration, ar addition ta the terms of the Confirac#, Qr#Q#he work#o be perForm�d thereunder, flr #he Specifications accampanying the same, shall in any way affect its obligati�ns an this bond; and it does her�by w�ive notice of any such change, e�ension