GJN3693 Sperry Tree Care Contract

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PAYMENT BOND BOND N0. 556083P CONTRACT t~2004-23 JOB #3693 TC.NOW A.~Ir MEN BY THESE PRESENTS, that we SPERRY TREE CARE CO. as principal, and DEVELOPERS SURETY AND INDEMNITY COMPANY , as surety, are jointly and severally held and bound unto the CIfTY OF EUGENE, in Lane County in the sum of $_18 , 320.00 ( EIGHTEEN THOUSAND THREE HUNDRED TWENTY AND 00/100----- ~forthepaymentofwhich we Jointly and severally bind ourselves, our heirs, executors, administrators and assigns or successors and assigns, firmly by these presents. 'T'HE CONDX'I'ION OF T)C;Y.[S BOND I5 SUCH that, whereas the said principal herein has made and entered into a certain contract, a copy of which is attached hereto, with the CITY OF EUGENE which contract, together with the applicable plans, Standard Specifications, Special Specifications, and schedule of contract ptyces, is by this reference made a part hereof, whereby the said principal agrees to do in accordance with the certain terms, conditions, requirements, plans and specifications which set out in said contract and all authorized modifications of the contract which increase the amount of the work and the. amount of contract. Notice to the surety of any of the immediately foregoing are waived. NOW, TI~E>ELEFORE, if the principal herein shall make payment promptly, as due to all subcontractors and to all persons supplying to the Contractor or his subcontractors, equipment, supplies, labor or materials for the prosecution of the work, or any part thereof, provided for in said contract, and shall pay all contribution of amounts due its workers compensation carrier and the State Unemployment Compensation Trust 1~und from such Contractor or Subcontractors incurred in the performance of said contract, and pay ail sums of money withheld from Contractor's employees and payable to the Revenue Y7epartmeiLt; and shall pay all other just debts, dues and demands incurred in tht performance of the said contract and shall pay the CITY O1E<EUGENE such damages as may accrue to the City under said contract, then this obligation is to be void, otherwise to remain in full force and effect. Nonpayment of the bond premium will not invalidate this bond nor shall the CITY OF)H;'CIGENE be obligated for the payment thereof. WI'T'NESS our hands this 26TH day of MAY , 2004 SPERRY TREE CARE CO. Principal Principal ~y ~ ~~~.~' ~r~oi d•Kt By Authorized Official Si afore Authorized Official Signature 1By Authorized Official Signature DEVELOPERS SURETY AND Surety_ INDEMNITY COMPANY By N/A Agent 13y - Autho ' d cial Signs e By Attorn -in-Fact G I M BURNETT (A Power of Attorney for the Attorney-in-p'act must be attached to this Bond) Surety's Seal must be Affixed.