MATERIAL_AND_LABOR_BOND_FORM.pdf

MATERIAL AND LABOR BOND

KNOW ALL MEN BY THESE PRESENTS:

THAT __________________________________________________ _, as principal, and _______________________________________________________________________ as surety, are held and firmly bound unto the City of Pasadena, a municipal corporation, in the just and full amount of

(words and figures) for the payment whereof we hereby bind ourselves, our heirs, executors, administrators, successors and assigns, jointly and severally, firmly by these presents.

Given under our hands and sealed with our seals this day of , ________.

The condition of the foregoing obligation is such that, WHEREAS, the above-named principal is about to enter in a contract with the City of Pasadena whereby said principal agrees to furnish all labor, material, equipment, transportation and services for the __________________________________ ____________________________________________________________________, in the City of Pasadena, California, as provided in said contract, which said contract is hereby referred to and made a part hereof to the same extent as if the same were herein specifically set forth;

NOW, THEREFORE, if the said principal or its subcontractors fail to pay for any materials, provisions, provender or other supplies, or teams used in, upon, for or about the performance of said work contracted to be done, or for any work or labor thereon of any kind, or for amounts due under the Unemployment Insurance Act with respect to such work or labor, the surety will pay for the same in an amount not exceeding the sum herein above specified, and in case suit is brought hereon, a reasonable attorney's fee to be fixed by the Court, otherwise this bond shall be void and of no effect;

PROVIDED, that any alterations in the work to be done, or the material to be furnished, which may be made shall not in any way release the principal or the surety hereunder, nor shall any extensions of time granted release either the principal or the surety, and notice of such alterations or extensions of the contract is hereby waived by the surety.

This bond shall inure to the benefit of any and all persons entitled to file claims under Section 9100 et seq. of the Civil Code of the State of California, and shall give a right of action to such persons or their assigns in any suit brought upon this bond.

WITNESS our hands this _________________ day of ____________________________ , 20___.

Principal

Surety on this bond has complied with Chapter 2.350 of the Pasadena Municipal Code (Ordinance No. 6229)

Dated

City Clerk

By

Assistant City Clerk

NAME, President and

Surety

Approved as to Form City Attorney

Assistant City Attorney