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PAYMENT BOND <br /> CON~TgRACT 2010-00002 <br /> KNOWALLMEN BYTHESE PRESENTS, that we Babb Construction co.J~aBI~ <br /> le fazConstruction Co. <br /> as principal, and Travelers Casualty & Surety Company of America as surety; are jointly <br /> and severally held and bound unto the CITY. OF EUGENE; in Lane County in the sum of $ ~ ss, ~ ss.oo--- <br /> (One,Hundred Eighty-Six Thousarid One Hundred Ninety-Six and o0/100----------------- ) forthepaymeritofwhich <br /> we 'ointl and s <br /> euerall bind ourselves our heirs executors <br /> J Y Y ,administrators and assigns or successors end assigns, <br /> firm/ b these re <br /> y y Bents. <br /> P <br /> <br /> a' <br /> THE CONDITION OF THIS BOND IS SUCH that, whereas the said principal herein has made and entered into a <br /> certain contract, a copy of which is attached hereto, with the CITY OF EUGENE which contract, together with the <br /> applicable plans,. Standard Specifications, Special :Specifications, and schedule of contractprices, is by this reference <br /> made a part hereof, whereby, the said principal agrees to do in accordance .with the certain terms conditions <br /> > > <br /> requirements; plans and specifications which set out in said contract and all authorized modifications of the contract <br /> which increase the amount of the work and the amount of contract. Notice to the surety of any of the immediately <br /> foregoing aze waived. . <br /> NOW, THEREI'ORE, if the principal herein shall make payment promptly,, as due to all subcontractors and to all <br /> persons supplying to the Contractor or his subcontractors, equipment, supplies, labor or materials for the prosecution <br /> of the work, or any part thereof, rovided for in said contrac and shall ~a all contribution of amounts due its <br /> P ~ <br /> PY <br /> workers compensation carrier and the State Unemployment Compensation Trust Fund from such Contractor or <br /> Subcontractors incurred in the performance of said contract, and pay all sums of money withheld from Contractor's <br /> em to <br /> p yees and payable to the Revenue Department; and shall pay all other Just debts, dues and demands incurred. in <br /> the performance of the said contract and shall pay the CITY OF EUGENE such damages as. may accrue to the City <br /> under said contract, then this obligation is to be void, otherwise to remain in full force and effect. <br /> Nonpayment of the bond premium will not invalidate this bond nor shall the CITY OF EUGENE be obligated for the <br /> payment thereof. <br /> .WITNESS our hands this . stn day of July 20 os <br /> Babb Construction co. dba Delta Construction Co. <br /> dba Delta Concrete Co. <br /> trincipal Principal <br /> By~r~.,~. y.~ By <br /> Authorized Official Signature Authorized Official Signature. <br /> By By <br /> Authorized Official Signature. Authorized Official Signa e <br /> Surety Travelers Casualty 8: Surety Company of America By <br /> Attorney-in-Fact .Debbie Lindstrom <br /> By N/A <br /> Agent <br /> (~4 Power of Attorney for . <br /> the Attorney-in-Fact must <br /> be attached to this Bond). <br /> Surety's Seal must be Affixed <br /> <br />