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Bond No.929588060 PAYMENT BOND <br /> KNOW ALL MEN BY THESE PRESENTS: That we, Southwest Construction&Property <br /> Management <br /> as Principal, and, Western Surety Company organized and <br /> existing under the laws of the State of California <br /> South Dakota , and authorized to execute <br /> bonds and undertaking as sole surety, as Surety, are held and firmly bound unto any and all <br /> persons named in California Civil Code Section 3181 whose claim has not been paid by the <br /> Contractor, company or corporation in the aggregate total of <br /> One Hundred Forty Two Thousand Two Hundred Nine&No/100-- DOIIaPS ($ 142,209.00 ) (being <br /> 100% of the Contract amount) for the payment whereof, well and truly to be made, said <br /> Principal and Surety bond themselves, their heirs, administrators, successors, and assigns, <br /> jointly and severally, firmly 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 work, to-wit: <br /> MAIN PUBLIC LIBRARY COUNTER STREAMLINING PROJECT <br /> NOW, THEREFORE, if the above-bounden Principal or his subcontractors fail to pay any of the <br /> persons named in Section 3181 of the Civil Code of the State of California, or amounts due <br /> under the Unemployment Insurance Code with respect to work or labor performed under 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 work 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 /> reasonable 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 of California so as to give a right of action to them or their assignees in suit brought upon <br /> this bond. <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 Code Sections 3247-3252, inclusive, and all <br /> amendments thereto. <br /> And the said Surety, for value received, hereby stipulates and agrees to waive the provisions of <br /> California Civil Code Section 2819 regarding consent to change, extension of time alteration, or <br /> addition to the terms of the Contract, or to the work to be perFormed thereunder, or the <br /> Specifications accompanying the same, shall in any way affect its obligations on 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, or to the work, or to the Specifications. <br /> MAIN PUBLIC LIBRARY COUNTER STREAMLINING PROJECT <br />