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4 <br /> I ?5` f fi - <br /> r•' x <br /> x <br /> .— - dad t <br /> J <br /> PERFORMANCE BOND <br /> KNOW ALL MEN BY THESE PRESENTS- That WHEREAS, the County of San <br /> Joaquin, by Resolution passed 20has given to <br /> hereinafter ,° � <br /> designated as the "Principal", a Notice of Intent to Award Contract for the work <br /> described as follows: ' <br /> WHEREAS, said Principal is required under the terms of said Notice to furnish a ` Y <br /> ' Bond for the faithful performance of such Notice. <br /> NOW THEREFORE, we the Principal and <br /> as Surety, an admitted Surety insurer �4 <br /> pursuant to Code of Civil Procedure Section 995.120, legally doing business in <br /> California at '"' u <br /> are held and firmly bound unto the County of San Joaquin, in the sum of <br /> DOLLARS ($ ), lawful money of x <br /> the United States of America, for the payment of which sum well and truly to be made, ' <br /> ' we bind ourselves, our heirs, executors, administrators, successors and assigns, jointly r <br /> and severally, firmly by these presents. ;> x <br /> ' THE CONDITION OF THIS OBLIGATION IS SUCH that if the above bound g <br /> Principal, his or its heirs, executors, administrators, successors or assigns, shall in allx <br /> things stand to and abide by and will and truly keep and perform, the covenants, <br /> conditions and agreements as defined in the said Contract and any alteration thereof <br /> made as therein provided on this or their part, to be kept and performed at the times ` # } <br /> and in the manner therein specified, and in all respects according to their true intent and <br /> meaning, and shall indemnify and save harmless the.County of San Joaquin, its officers <br /> ' and agents, as therein stipulated, then this obligation shall become null and void, ' "y <br /> otherwise, it shall be and remain in full force and virtue. ; <br /> As a condition precedent to the satisfactory completion of the Contract, the <br /> above obligation shall hold good for a period of one (1) year after the acceptance of the <br /> Work by County, during which time if Principal shall fail to make full, complete, and <br /> satisfactory repair and replacements and totally protect the County from loss or damage <br /> made evident during the period of one (1) year from the date of acceptance of the Work, } ° <br /> and resulting from or caused by defective materials or faulty workmanship, the above ' <br /> ' obligation in penal sum thereof shall remain in full force and effect. However, nothing in <br /> this paragraph shall limit the obligation of the Surety and the obligation of the Surety <br /> shall continue so long as any obligation of Principal remains. } <br /> 2 k � <br /> t(S� <br /> k <br /> tl <br /> 1 <br /> (sPEcs\2008\co-c-6) " <br /> 4 1 <br /> 4r_a <br />