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CITY OF SANTA ANA <br /> BONDS <br /> PROJECT NO.: 25-6030 <br /> TRAFFIC SIGNAL INSTALLATION AT SEGERSTROM AVENUE AND ROSEWOOD <br /> AVENUE <br /> PAYMENT BOND <br /> KNOW ALL MEN BY THESE PRESENTS that <br /> as CONTRACTOR, and <br /> a corporation, organized and existing under the laws of the State, and duly authorized to transact <br /> business under the laws of the State of California, as SURETY, are held and firmly bound unto <br /> the City of Santa Ana, as AGENCY, in the penal sum of <br /> Dollars <br /> ($ ), which is 100 percent of the total contract amount for the above stated <br /> project, for the payment of which sum, CONTRACTOR and SURETY agree to be bound,jointly <br /> and severally, firmly by these presents. <br /> THE CONDITIONS OF THIS OBLIGATION ARE SUCH that, whereas CONTRACTOR has <br /> been awarded and is about to enter into the annexed Contract Agreement with AGENCY dated <br /> for <br /> if CONTRACTOR or any subcontractor fails to pay for any labor or material of any kind used in <br /> the performance of the Work of Improvement to be done under said Contract Agreement, or fails <br /> to submit amounts due under the State Unemployment Insurance Act with respect to said labor, <br /> SURETY will pay for the same in an amount not exceeding the sum set forth above,which amount <br /> shall insure to the benefit of all persons entitled to file claims under the State Code of Civil <br /> Procedures;provided that any alterations in the work to be done,materials to be furnished, or time <br /> for completion made pursuant to the terms of the contract documents shall not in any way release <br /> either CONTRACTOR or SURETY, and notice of said alterations is hereby waived by SURETY. <br /> IN WITNESS WHEREOF the parties hereto have set their names, titles,hands, and seal this <br /> day of , 20 . <br /> CONTRACTOR* <br /> SURETY* <br /> Subscribed and sworn to before me, ,this day of <br /> , 20_ <br /> Signature: <br /> Notary Public in and for the County of , State of <br /> Rate of premium on this bond is $ per thousand. <br /> Total amount of premium charge is$ . To be filled in by Surety <br /> *Provide CONTRACTOR/ADMITTED SURETY name, address, and telephone number and the <br /> name, title, address, and telephone number of authorized representative. <br /> 2 of 3 <br />