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11/12/2003 16:48 209522 '� GEOLOGICAL TECH 3 PAGE 08 <br /> RECEIVED SEP w '2103 <br /> CXTy OF Stockton <br /> FVBzsc woRxs DEPARTMENT <br /> ZAt • = ' 183343 <br /> BOND NO. <br /> =ow MZ Mt BY TBESE PRESENTS; <br /> TH= V & W Drilling ELS <br /> Principal and American Contractors Indemnity-Company <br /> incorporated under the lawo of the statelof <br /> California and authorized to cmecute bo ods as <br /> surety, are held and firmly bound unto the City of Stockton a <br /> municippal ccrporata�on, State of Californi m, it the G1 M of <br /> ONE THO'(3SANDFIVE.HT]AIDRED 00/X00** DOLLARS ($1,500.00, )lawful Moo;ey of <br /> the United states of America, for the payment of which sum we 11 and <br /> truly to ba made to vaid .City of Union City, State of Cal±fntrnia, <br /> said Principal and Surety, bind themselves, their administrators, <br /> successors and a signs, Jointly or severully firmly by I these <br /> presents: <br /> THE CONDITION OF ME ABOVE OBLICATIOh IS SUCH, that wh=r®aa, <br /> the above bounden principal desires from time to time to apply to <br /> the City Engrina= of said City of Stockton State of Calif rnia, <br /> for permits to do those acts and things or some of them ref erOd to <br /> in City ordinance of the City of Stockton an enCr0a[rhm8nt <br /> ordinance of the City of Stockton ; and <br /> WHEREAS, said Principal desires to deposit a surety Company <br /> bond in lieu of cash deposit. <br /> NO , _E n V.f if the above named boundan principal '[ shall <br /> well and truly carry out, execute and perform all things by it to <br /> be carried out, dxecuted and performed, according to the tarsal and <br /> conditions of pny and all Pcarmits issued to it during the axi6tanco <br /> of this Sona, pursuant to 'amd . under i--ho provisions ' of�naid <br /> Ordinance Code of the City Stockton And according the <br /> Ordinance,and conditions of said Ordinnce, then this obligationjshall <br /> be null and void; otherwise to'remain in full force and effect. <br /> This bored may be terminated by the .Surety only upon amnding <br /> written notice to the City of Stockton At the expiration of <br /> thirty (30) days from date of;'mailing of said notice, this. bond <br /> shalt automatically terminate in accordance' frith provizio�s of <br /> Scction 2931, California Civil Code. <br /> PROVIDED, however, that upon receipt of suc:b notice, if the <br /> City of Stockton shall determine that, for any reason, this bone <br /> cannot be terminated, the City ,shall, within said thirty (36) day <br /> period, advise tho Surety of the need for continuance of this !bond, <br /> and, if at alb. -possible, the date upon which this bond =; y be <br /> terminated. <br /> REFER TO PAGE z---- <br />