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BOND NO. 30 34 41 <br />FAITHFUL PERFORMANCE BOND <br />KNOW ALL MEN BY THESE PRESENTS <br />That HOVEY ELECTRIC as Contractor, <br />and INSURANCE COMPANY OF THE WEST as Surety, <br />are held and <br />firmly bound <br />unto the City <br />of Redlands, <br />hereinafter <br />called City, <br />in the SUM Of <br />FIFTY FOUR THOUSAND <br />EIGHTY SIX AND <br />NO/100- - - - <br />dollars, for <br />the payment of <br />which sum well <br />and truly to <br />be made, we <br />bind ourselves, our heirs, <br />executors, administrators, <br />successors, <br />and assigns, <br />jointly and.severally, firmly <br />by these presents. <br />WHEREAS,, said Contractor has been awarded and is about to enter into <br />the annexed contract with said City to perform all work required <br />under the City's specifications entitled 9A,g Tax Project k1g, M <br />Qf EQd-eEtliAn B-isnAl.1 Qn _Q ]It2n AYajaug d-t tha <br />I-aiyeisity DI Redlands. - <br />NOW THEREFORE, if said Contractor shall perform all of the <br />requirements of said contract required to be performed on his part, <br />at the times and in the manner specified therein, then this <br />obligation shall be null and void, otherwise it shall remain in full <br />force and in effect until 90 days after completion. <br />PROVIDED, that any alterations in the work to be done or the <br />materials to be furnished, which may be made pursuant to the terms <br />of said contract, shall not in any way release said Contractor or <br />said Surety thereunder, nor shall any extensions of time granted <br />under the provisions of said contract release either said Contractor <br />or said Surety, and notice of such alteration or extensions of the <br />contract is hereby waived by said Surety. <br />SIGNED AND SEALED, this 29TH day of OCTOBER r 19 86 <br />HOVEY ELECTRIC ( SEAL) <br />(Contractor) <br />INSURANCE COMPANY OF THE WEST <br />( Su rety) <br />(SEAL) <br />By: By <br />(Signature) (Signature) <br />VICTOR D. HOVEY, OWNER MAUREEN L. VILL,ENA, ATTORNEY -IN -FACT <br />(SEAL AND NOTARIAL ACKNOWLEDGEMENT OF SURETY) <br />-11- <br />