1988-0216_GLENFED DEV CORP._Labor & Material Bond kada,da
• 6154412 410 04> /6/g/ d/12-
Premium Included
LABOR AND MATERIAL BOND
KNOB' ALL MEN BY THESE PRESENTS: That
WHEREAS, the City of San Juan Capistrano, a municipal corporation of Orange
County, California, has awarded to Glenfed Development Corporation , License
No. , hereinafter designated as "Principal", a contract for Tract 121+23
; and
WHEREAS, said Principal is required to furnish a bond in connection with the
said contract providing that if said Principal, or any of his or its sub-contractors, shall
fail to pay for any materials, provisions, provender or other supplies or teams used in,
upon, for or about the performance of the work contracted to be done, or for any work or
labor done thereon of any kind, the surety or this bond will pay the same.
NOW, THEREFORE, we Glenfed Development Corporation
Principal, and Fidelity and Depot. t Company of M r lc ic1 , as surety, are
held firmly bound unto the City of San Juan Capistrano, a municipal corporation, in the
penal sum ofTwo Hundred Forty Eight Thous . Nine Hun . Thirty TIDOLLARS
($248 ,932 .), lawful money of the United States of America, for payment of which sum
well and truly to be made we bind ourselves, our heirs, executors, administrators and
successors, jointly and severally, firmly by these presents.
THE CONDITION OF THIS OBLIGATION is such that, if said Principal, his or its
heirs, executors, administrators, successors or assigns, or sub-contractors, shall fail to
pay for any materials, provisions, provender, or teams, or other supplies or equipment
used in, upon, for or about the performance of the work contracted to be done, or for any
work or labor done thereon of any kind, or for amounts due under the Unemployment
Insurance Act with respect to such work or labor as required by the provisions of Title 1,
Division 5, Chapter 3 of the Government Code of California as amended, that the surety
will pay for the same in an amount not exceeding the sum specified in this bond and also
in case suit is brought upon the bond, a reasonable attorney's fee to be fixed by the
court. This bond shall inure to the benefit of any and all persons, companies and
corporations entitled to file claims under said act, so as to give a right of action to them
or their assigns in any suit brought upon this bond.
FURTHER, the 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 obligation on this bond
and it does hereby waive notice of any such change, extension of time, alteration or
modification of the contract documents or of work to be performed thereunder.
As a part of the obligation secured hereby, and in addition to the face amount
specified therefor, there shall be included costs and reasonable expenses and fees,
including reasonable attorney's fees, incurred by City in successfully enforcing such
obligation, all to be taxed as costs and included in any judgment rendered.
• IP
IN WITNESS u'HEREOF three (3) identical counterparts of this instrument, each
of which shall for all purposes be deemed an original thereof, have been duly executed by
the Principal and surety herein named on the 8th day of February
19 88 . The name and corporate seal of each corporate party being hereto affixed and
these presents duly signed by its undersigned representatives pursuant to authority of its
governing body.
Glenfed Development Corporation
•RIN IP • L -
By - SY. \),
Fidelity an. Deposit Company
of Maryland
SURETY
By /� ' • .G� _ _
Charles F . Wilson , Attorney-in-fact
APPROVED AS TO FORM
1111 10
R. SHAW, T ATTORNEY
AXSTATE OF__ Calif arida_
' COU TY OF L08 kageJQ,g SS:
On this 8th day of February , in the year 19 8 8 , before me
IA N12A._L.._cH1P AN , Notary Public, personally appeared
DIARIES_f__VIIISDI_ , personally known to me
(or proved to me on the basis of satisfactory evidence) to be the person who executed this instrument as attorney-in-fact of
the Fidelity and Deposit Company of Maryland, the corporation therein named, and acknowledged to me that the corporation
executed it. .•.-•••-••••.•'.•
`.‘ OFFICIAL SEAL /� • ,t✓ !i' t
AWNLINDA L. CHIPMAN f.-�(`2� `--4
:j f 1�; Nota ry Public•California
Acknowledgement Certificate 4•�
.t i.v Principal Office In
. ..�1 Los Angeles County
c
1.4427(CAI-5M, 7-86 24660 ,4.irow„`. My Comm. Exp.Apr. 11. 1989 t
1-•-•Tt•N♦•♦
CAT. NO. NN00737
TO 1945 CA (8-84)
' (Corporation) J TICOR TITLE INSURANCE
STATE OF CALIFORNIA
}
It COUNTY OF Los Angeles SS.
On February 8 , 1988before me, the undersigned, a Notary Public in and for
t said State, personally appeared Tak Fuji i
personally known to me or proved to me on the basis
W of satisfactory evidence to be the person who executed
'r the within instrument as the S r. vice
W
x President, and William R _ Willis _ •••..�.+�
J personally known to me or /`•` OFFICIAL SEAL
4 proved to me on the basis of satisfactory evidence to be ; ANGELA M. RYBKA
• the person who, executed the within instrument as the ' '.h �;1� NOTARY PUBLIC-CALIFORNIA
Vice President 1` Qo PRINCIPAL OFFICE IN
�tc�i=}fi�of the Corporation �" 5�� , .
TY
that executed the within instrument and acknowledged 1 LOS ANGELES Nov. 6,
to me that such corporation executed the within instru- �
\au,<,;/ My Commission, Exp. Nov6, 1990
114 ment pursuant to its by-laws or a resolution of its
board of directors.
WITNESS my hand and official seal.
1
Signature /Alit�D k , I I-(( (This arca for official notarial seal)