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BOND 4112 68 35 <br />PREMIUM INCLUDED IN PERFORMANCE BOND <br />BOND FOR MA'i'P:R I AI.S AND WORKMANSHIP <br />CIIRK AND (lIT KI -I S'I'F2M:h:'I' I MPROVKMM:NT, PIAN NO. 1.045-1 <br />KNOW Al.l. MEN BY THKSK PRKSEN'I S; <br />That. we . I AAA PAVING CO. I herei na t ter <br />rPrerred r.n as "Nrinc:inaI"1, anti <br />INSIURANCE COMPANY OF THE WEST <br />IherPinatter ret erred <br />tc; as iltre.ty"i, are held and trrmIir hound unto the. <br />CITY Oh' COI,TON <br />StritP of Calitornia Iherelnatter reterred to as the "City"1 in the sum <br />of 5 SIXTY ONE THOUSAND SIX HUNDRED THIRTY FIVE 997/100( $61,635t970awtu I money of <br />the lIn i ted Nt.ates . for the navment. of which sum. we l I and tru l it to he <br />• , r j <br />matte.; wt? hind ourselves; inintly and several Iv; tirmI jr by t P.S <br />nresent.s . <br />The.. condItIort nt the ahove ohlinatlon is such that. whereas said <br />Pr 1 n i na I has heen awarded a Conr.ract and is ahout, to PntP.r i nt.o a <br />w r 1 t.te.n Aoreement with the (;1 tir for the lmnrovement nt <br />(:11141i AND (;IITTKH `i'ITREKT I MPHOVKMKNT, Nr,AN 1045-1 <br />which 1s hereto attached; and to which reterence iS herehv made for all <br />na rt. 1 cll I a rs ; anal is reoll 1 red by said (:1 t.`r t.o 01 ve ;.hi s bond in <br />entitie'l't. t on W 1 to execut 1 on of s 1 d Anreemen t . <br />NOW THh:HKFOHK. it said Princinal; as Contractor 1n said Aoreement., or <br />i r.2; utihcon t rac:tor ; tails to rena 1 r, ren I ace or correct anv trouh I es; <br />ta'IIureS, or Unsatlstactory service due to interior or taulty mater,ials <br />or' wo rkmansh)ri in the Said work that. occurs within a nerlod of one 11 ) <br />year trom the dare of acceptance, and Surety will nay the Same in an <br />aIii nunt not exceedlna the sum set. torth ahove; and also in case. stilt 1s <br />llrotI(Ihl unnn th i `{ horld, a reasonable At.tornev' s tee is to he t i xed t)Ar <br />t.he. Cntirt. Thi s hand i s executed nursuant to the. nrovi si ons of T I'III.K 1 5 <br />I (:ommernci n(i w t.h Sect.i on 30H2. 1 fart 4; 1)i vi s on 3 of the Ci vi I Code of <br />the .`hate of Cal1tornia; and shalI imire. to the henetit of anv and ail <br />persons ont.it.Ied to tile. claims nursuant, t,o said Principal shall <br />P,xone.rate ar,ir SkirPty; lin less the (:i tv Counci I of said (:1 tNr sha I I have <br />Ac 1-.11a i not.i ce t.har, such navment is nrP.maturP at the time and i r. is <br />1 <br />orciered by :;asci (;nunci I and then only to the extent that such navment <br />shall resuIr. in Ions of such Stiret.v, but in no event, more. than the <br />anioltnt. of such nrematurP navment. <br />MATKH I AI„i AND WOkKMANSH I N HOND/Nacre. 1 <br />1K—K <br />