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_ <br />FAiTHFUL PERFO�tMANCE BOND <br />BOND N0. 150 19 22 <br />PREMIUM: $5,990.00 <br />KNOW ALL MEN BY TH£S£ PRESENTS: That we EL-CO CONTRACTORS, INC. <br />hereinafter cafled "Principal" and INSURANCE COMPANY OF Tf <br />WEST of 17852 E. 17TH STREET, ��111, TUSTII�_ <br />i <br />Szate of CALIFORNIA heTeinafter called thz "Surery", are held an� firmly bound <br />�to CITY OF COLTON <br />o� 650 NORTH LA CADENA DRIVE, COLTON, CA. hereinafisr called "Owner" in the <br />� penal sum of FOUR HUNDRED FIFTEEN THOUSAND NINE HUNDRED FIFTY—SIX & 70,��Q� <br />�� 415 , 9 5 6. 7 0* ���awful money o€ these United States, for the payment of which sum wil} and <br />truly W be made, we bind ourseives, aur heirs, executors, administrators and successors, jointly and <br />severaily, fumly by these presenu. <br />THE CONDITION OF THIS OBLIGATi01� is such that Whereas, the Principal entered iato a certain <br />Contract with the Owner, dated <br />�e 20TH �y o£ MAY 19 97 <br />a copy of which is hereto attached and made a part hereof for the construction o% <br />WATER AND SEWER IMPROVEMENTS, PEPPER AVENUE, SAN SERNARDINO AVENUE AND <br />MERIDIAN AVENUE — SB�MCRP <br />NOW, TT�REFORE, if the Principal shall well, truly and faithfully perform its duties, all the <br />undertakings, covenants, tezms, condiuons, and agreemenu of said Coatract during t�e ori�inal term <br />thereo% and any extensions thereof wiucii may be granted by the Owner, with or wi#iiout notice to the <br />Surety, and if he shall satisfy afl claims and demands utcurred under such Con�act, and shall fully <br />indemnify and save hannless the Owner from all cosu and damages which it may suffer by reason of <br />failure to do so, and shall reimburse and repay the Owner all outlay and expense which t�e Owner may <br />incur in making good any default, then this obligation shal} be void; otherwise, to remain in full force aad <br />effect. <br />J �224Tt101�SPECSLSPECS.COL G-S <br />_ __ _ -=- -, <br />, <br />