1994 AGN JUN 08 I17 - Laserfiche WebLink

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ISSUED IN TRIPLICATE Bond No. P 2 45 28 64 Premium for this bond included in charge for Performance Bond. KNOW ALL 14EN BY '1`HWE PRESENTS, That Tennyson Pipeline Co. as Contractor, and Reliance National n emniy om as Surety are held and firmly bound unto the C ty of Colton, as Owner, in th aum of: Two Hundred Fifteen Thousand Six Hundred Sixty and 00/100******** dollars, lawful money of the United States, Bald sum being not lese than 50 percent of the total Agreement/ Contract amount, for the payment of which sum, well and truly to be mads, we bind ourselvna _ our heirs, axscutor�r;�ai�rSf#tgztors, successors, and assigns, jointly and severally, firmly by these presents. WHMMAS, Seid Contractor has baon awarded and is about to efiter into the annexed contract with said City to perform all work required under the City s Speoifications entitled: "CONTRACT DOCUMENTS AND SPZCIFICATION5 FOR CONSTRUCTION OF PUMPMG FACILITIES FOR WELL Na. 2a" TIME CONDITION OF THE OBLIGATION IS SUCH THAT, if said Contractor or any of his sub -Contractors, fails to pay for any matezials, equipment, or otheir supplies, or for rental of same used in con - neer -ion with the performance of work contracted to be done or for work or labor thereon or any k1nd, or fails to pay any of the pow_ sons named in section 3181, California Civil Code or amounts due under the Unemployment Insurance Code with respect to work or labor performed by any such claimarft or for any amounts required to be deducted, Withheld and paid to the Employment Developmental Departmant or it$ successors= from the work of employees of the Contractor and his Cub -contractors pursuant to Section 13020 of the Unemploynent Insurance Code with respect to such work and labor and all Other applicable laws of the State of California and rules and regulations of its agsncits, there said Surety will pay for the same in an amount not exceeding the sum specified above This bond shall inure to the benefit of any persons named in Sac -- tion 3181 of said California civil Code, so an to give a right of action to them or their assigns in any suit brought upon this bond. PROVIDED, that any alterations in materials to be furnished, which may Of said contract,, Shall not in any tractor or said surety thereunder, time granted under the provisions of said Contractor or said Surety, and extensions of the contract is hereby 14 the work to be done or the be made pursuant to tha terms way release either said Con, nor sha21 any extenslons of said contract release eitrier notice of'such alterations or waived by said surety.