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BOND#: M107094
<br />PREMIUM: INCLUDED
<br />EXECUTED IN TWO (2) ORIGINALS
<br />i''AYKEN ' RO ND (LABOR AND MATERIALS)
<br />NOW ALL MEN BY THESE FRES.EN7S -That
<br />WHEREAS, the C ty of Colton (haretaAfter designated as the " Crty°l, by action taken or
<br />a resolution asscd JAN . 8 20 0, S_ bias aw ded to VARGAS STRUCTURES, INC*
<br />. � �� � �� d d � follows
<br />VEJZKANlierejoafter desi ated as, the is . cipal, a contract far the word es be
<br />'S PARK RESTROOM PROJECT
<br />(the "Project'�; and
<br />. -; AS, said P'ri.noipal i4 required to furnish a bond in eofmeefion. with said contract;
<br />ovid og that ' - said �clpal or any of its Subco� tmtors shall fail to p4Y fox any
<br />.
<br />materials, provisions, provendeT, equip .er�t, �►r otber supplies used aria upon;, for or about
<br />the performancc of the work wntracted to be done. or for any work or labor done tlier ji
<br />of- auy lid, or for atnotmts dtxo under the Unemployment T-Dsu ice Code, or for any
<br />amounts required to be d educted, wi tbhei da and pod over to the Empl oymexit
<br />Development Dep! neltt ftom the wages of cmployeea of said Prm." cipal axed its
<br />Subcontractors with respect to such work or labor the Surat' on this bond will pair for the
<br />same to the extent a. oreiiiaftear set forth.
<br />SURETY
<br />NOW THEREFORBO woo the Principal and COMPANY OF THE PACIFIC as Surety,
<br />are cld and 1"mnly bound unto the City in the penal sura of '^ Dollars
<br />($ *#%64% .. ) law.ftA money of the U "ted States of America, for to paymrent of Which
<br />sum well and truly to be nude, we bind ourselves, our heivs, executors, administrators,
<br />successors and assigns, jointly and several] y,;Otnnly by #iese presents.
<br />THE COM)ITTON OF TRTS OBLIGATION 1S SUCH that if said Principal, his or its,
<br />subcontractors, heirs, executors, administrators, successors or assigns, shall fail to pay
<br />any of the persons named in Section 3181 of flv Civil, Code, fail. to pay for any !-tel ials,
<br />provisions or other supplies, used in, upon,, for or about the porfo=�,noo of the work
<br />cont3ractcd to be done, or for any worle, or labor flaereon of any kind, or =ounts due under
<br />the Ummploymnart bsuranm- Code with xtspect to work or labor pmTnmed under the
<br />contract, or for any amounts required to be deducted, witl-iheid, and paid over to the
<br />Employment Development Department or Franchise 'Pax Board ftm. the, gages of
<br />eaaployees of the contractor and his subconb-actora p=tet to Sect on 18663 of the
<br />Revenue and Taxation Code, with respect to such work and labor the $=ty or Suck*
<br />x.11 pay for the same, in an amount not cxcecding the sum herein above specified, and
<br />also, in case suit is brought upon this bon.4, all 110gadon expenses incimed by the City in
<br />such salt, in eluding teasonable attomcyslj fees, coat cogs, expert witnevs fees and
<br />inveWgation expenses.
<br />'Phis bond shall inure to the benefit of any of the persons named u� Section 3181 of ,the
<br />Civil Cade so as to give a right of action. to such persons or their assign in my snit
<br />lruught upon this bund.
<br />It is f ard1er sdpttW1ed and wed that the. Surcty on d is band shall xzot be exonerated or
<br />DID FO -RM
<br />35
<br />`TWO HUNDRED FORTY ONE THOUSAND SEVEN HUNDRED SIXTY
<br />-h•� $ 2411760e00
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