1987-1215_ZAGROS COMPANY_Performance Bondw
4 EXECUTED IN TRIPLICATED
PERFORMANCE BOND
KNOW ALL MEN BY THESE PRESENTS:
That Zagros Company
ND N0. 1141180
.MIUM: $945.00
C' OND ''R"+ ?IUM BASED ON
111NA CON 1"RACT PRICE
as Principal, hereinafter called CONTRACTOR, and Amwest Surety Insurance Companv,
as Surety, hereinafter called SURETY, are held and firmly bound unto the City of San
Juan Capistrano, as Obligee, hereinafter called CITY, in the amount of Thirty-nine Thousand
Four'tlundred Sixteen and 30/100 -----------Dollars for payment whereof Contractor
and Surety bind themselves, their heirs, executors, administrators, successors, and
assigns, jointly and severally, fairly by these presents.
WHEREAS, Contractor has by written agreement dated December 15,
1987 , entered into a (describe agreement): Construction of Vereda
Bikewav, Via F.stenaga to Avenida Siega
which contract is by reference made a part hereof;
NOW, THEREFORE, the condition of this obligation is such that, if Principal
shall promptly and faithfully perform said agreement, then this obligation shall be null
and void; otherwise it shall remain in full force and effect. Surety waives whatever legal
right it may have to require that a demand be made first against the principal in the
event of default.
BE IT FURTHER RESOLVED, that:
1. As a part of the obligation secured hereby, and in addition. to the face
amount specified, there shall be included costs and reasonable expenses and fees,
includingreasonable attorney's fees, incurred by City in successfully enforcing such
obligation, all to be taxed as costs and included in any judgment rendered.
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2. Said Surety, for value received, hereby stipulates and agrees that no change,
extension of time, alteration, or modification of the contract documents or of the work
to be performed thereunder, shall in any way affect its obligations or this bond, and it
does hereby waive notice of any such change, extension of time, alterations, or
modifications of the contract documents or of work to be performed thereunder.
Executed this 31st day of December , 19 87 , at
Woodland Hills California.
APPROVED AS TO FORM
PRINCIPAL
Zagros Co ny
(NOTARIZATION AND SEAL)
SURETY
tjtt)twest Surer n rance Company
Cindy L. i ley, Attorney- -Fact
(NOTARIZA ON AND SEAL)
lSTATE OF CALIFORNIA, COUNTY OF Los Aneeles ss.
On _______ December 31, 1987 _ , before me a Notary Public, within and for the said
County and State, personally appeared Cindy L. Ridley , known
to me (or proved to me on the basis of satifactory evidence) lobe the person whose name is subscribed to the within instrument
as the Attorney in Fact of and for the AMWEST SURETY INSURANCE COMPANY, and acknowledged to me that he
subscribed the name of the AMWEST SURETY INSURANCE COMPANY thereto as Surety, and his own name as Attorney
in Fact.
`O VCIat SEAL
PATRICIr1 tAGNFCOAAERY
�UL! �l� g NOTARY PV IG
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