1990 AGN JUN 05 I09 - Laserfiche WebLink

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BOND 4112 68 35 PREMIUM INCLUDED IN PERFORMANCE BOND BOND FOR LABOR AND MA'VER 1 Al. PAYMFN'I' CURB AND (;ll'I"1ER IMVR0 VKMFN'I', PIAN NO. 1045-1 KNOW A1,1, MKN BY THK-)K PHKSKN'IS. That we. AAA PAVING CO. I hereinattPr ret erred t.o as "Principal" i; and INSURANCE COMPANY OF THE WEST ( here 1natter reterred ti, a.- "ski re'.ty", are he Id and 1-1rm1v hound unto the CITY OF COI.TON S1.aV.P of (:a I i 1-orn1 a I he.rP1 natter rP.tP.rrP.d t.o as the "(:i t*. Ar 1 i n the sum o t G SIXTY ONE THOUSAND SIX HUNDRED THIRTY FIVE & 97/100($61, 635.,97) awt u I money of the iIn i t.ed ;-;t.at.es ; tor the payment. of wh i ch sum, we I I and tru lit to e made; we. htnd ourselves, 3otntly and severally, tirmly by thPSP nrPsents. concis tt on cit the ahovP oh I i nate on i s such that, whereas sa i d Princinal has been awarded a Gontract and is ahout to enter inr.o a Wr't t.tP.11 Agreement with the City for the imnrovement of CURB AND GlITTKH S'I HKI`:T 1 MPH()VKMKNT, PLAN N(). 104',--1 Wil i ch is herPr.o attached. and to which reterence is hPrebv made for al I r na r t i cu I a rs ; and Is re(�u i red h jr said (:1 ty t.o g 1 ve. th i s bond 1 n conner.t.ion wit.n the execution of saki agreement. NOW THKHF:FOHK . it said Principal ; as Contractor in said Agreement , or rt.:; Subcontrac..nr, toils to pay for any materials, provisions, provender or ot.he.r suu;nites or teams; eguipmPnt, imnlements, trucks, machinery or nciwer used in; upon, or for or about the pertormance of the work contracted to be done., or for any work or labor done thereon of an.r k". nd ; or• t or amounts dice tinder the Unemn I oyment Insurance Act with resnect. to such work or labor, said Surety wiII pay the same in an amounh'no ezcePdinn the sum set torch above, and also in case suit. is brouciht. anon this bond, a reasonable att.ornev's tee to he. tixed by the Court.. 'I'tii S bond is executed nursuant. to the nrovi si ons of 11' 1 11111 1 I.commencino with Section 300:".I Part. 4. Division a of the (;ivi I Code of t'r.P htar.P of CaIitornia; and shaII inure to the henetit of any and all persons entitled t.o tile. claims pursuant to said (:ivil Code. No premature payment. by the (:ity to said Principal shall exonerate anv Ski rP.tv;tin I PSs the (:i t.v Counc:i I of Sa i d (:i t.Nr sha I I have actua I notice t.IcaV. Such navment i s premature at the time t t 1 s ordered by said (:i tv (:Un( -i 1. and then on I if t.o the extent. that, such payment sha 1 I resu I t. i n Ic;ss t.o such Ski rer.v, but in no event more than the amount of such premat.ure. navment.. I.F. KOH AN 1) MA'I'KH I Al. PAY MKNT BOND/Pane 1 1 H—i) (c-; 6 s -yam 9