1972-0331_BARWICK DATSUN AGENCY_Perf Bond No. 92820414 • • Bond No. 9282 04 14
PERFORMANCE BOND
Approved by The American Institute of Architects,
A.I.A. Document No. A-311 (Formerly Form 107) 1958 Edition
KNOW ALL MEN BY THESE PRESENTS:
That BARWICK DATSUN AGENCY
(Here insert the name and address or legal title of the Principal)
998 SOUTH COAST HIGHWAY, LAGUNA BEACH, CALIFORNIA
as Principal, kereitaefter–ealle+G&n"eetor- and— —
MID–CENTURY INSURANCE COMPANY
(Here insert the legal title of Surety)
4680 WILSHIRE BLVD. , LOS ANGELES, CALIFORNIA
as Surety, hereinafter called Surety, are held and firmly bound unto CITY OF SAN JUAN CAPISTRANO
33379 CAMINO CAPISTRANO, SAN JUAN CAPISTRANO, CALIFORNIA
(Here insert the name and address or legal title of the Owner) '
as Obligee, hereinafter called City , in the amount of FOURTEEN THOUSAND AND N0/100
DOLLARS Dollars ($ 14,000.00 )
for the payment whereof Principaind Surety bind themselves, their heirs, executors, administrators, successors and
assigns, jointly and severally, firmly by these presents.
WHEREAS, Principalhas by written agreement dated MARCH 31, 1972
entered into a contract with City for CERTAIN IMPROVEMENTS
in accordance with_&awir aradspecifications prepared by CITY OF SAN JUAN CAPISTRANO
(Here insert full name and title)
which contract is by reference made a part hereof, and is hereinafter referred to as the Contract.
NOW, THERF,FORXT}}IIE CONDITION OF THIS OBLIGATION is for a contract between such bidder and Owner, and make available as
such that, if Principiildall promptly and faithfully perform said con- work progresses (even though there should be a default or a succession
tract, then this obligation shall be null and void; otherwise it shall of defaults under the contract or contracts of completion arranged under
remain in full force and effect. this paragraph) sufficient funds to pay the cost of completion less the
The Surety hereby waives notice of any alteration or extension of balance of the contract price; but not exceeding, including other costs
time made by the Owner. and damages for which the Surety may be liable hereunder, the amount
set forth in the first paragraph hereof. The term "balance of the con-
Whenever Pr1riC1 P"ll be,and declared by Owner to be in default tract price," as used in this parapp raph, shall mean the total amount
under the Contract, the Owner having performed Owner's obligations payable by Owner to Princlp-Wer the Contract and any amend-
thereunder, the Surety may promptly remedy the default, or shall ments thereto, less the amount properly paid by Owner to Contractor.
promptly Any suit under this bond must be instituted before the expiration of
1) Complete the Contract in accordance with its terms and condi- two (2) years from the date on which final payment under the contract
tions, or falls due.
2) Obtain a bid or bids for submission to Owner for completing the No right of action shall accrue on this bond to or for the use of any
Contract in accordance with its terms and conditions, and upon deter- person or corporation other than the Owner named herein or the heirs,
mination by Owner and Surety of the lowest responsible bidder, arrange executors, administrators or successors of Owner.
Signed and sealed this 2ND day of JUNE A. D. 19_2�.
BARWICyK DATSUN AGENC
In the presence of: J� ----(Seal)
(Principal)(Principal)
`XJ A-1 ,
T,tle)
r... ........................ .vm.....
•••• OFFI CIAL•SEA ....
MINORU T. INOUYE MID—CENTURY INSURANCE COMPANY (Seal)
,. NOTARY PUU_IIC-CALIFORNIA ; ( (Surety)
.�
ORANGE co
7 M 28, 19
My Commission Expires Oct.28, 1925
Title)
Performance Bond
for General contractors. GEORGE G. NAJARIAN – ATTORNEY–IN–FACT
n Revised to April, 1959
S55715(I) Prmtedin U.S.A.
❑ TRUCK INSURANCE EXCHANGE
® MID-CENTURY INSU*CE COMPANY
❑ TEXAS FARMERS INSURANCE COMPANY
NOTICE OF REINSTATEMENT
OF CANCELLED BOND
(From the Exchange or Company "X'd" above)
DATE OF
OBLIGEE: CM or III 11" CMSTUM CANCELLATION NOTICE
33379 CAMM CMISTRM
.
uN im c"in-l; m, CJ12.Zlt)RI U y�U--19-72
Principal SAXW= "IWM 9232 a 14
. 9" SUM IMAM M1AYRll.Y BOND NUMBER
AGENT'S NUMBER
(�/� 3-31-72
Amoanl and $141000.011) PRM !
Type of Bond s GATE OF ISSUANCE
WHEREAS, on or about the date of issuance indicated that the EXCHANGE or COMPANY "X'd" above, as Surety,
executed its bond described above, and
WHEREAS, said bond, by its terms, provides that the said Surety shall have the right to terminate its surety-ship
thereunder by serving notice of its election so to do upon the said Obligee, and
WHEREAS, said Surety desires to take advantage of the terms of said bond and does hereby elect to terminate
its liability in accordance with the provisions thereof.
NOW, THEREFORE, be it known that the EXCHANGE or COMPANY "X'd" above shall at the expiration of
3A days after receipt of this notice, consider itself released from all liability by reason of any default com-
mitted thereafter by the said Principal.
REASON:
❑ Non-Payment
❑ Renewal not Requested
® Request of Principal By;
❑ No Supporting Coverage GNOMATJTO.RNEY IN FACT
❑ Financial Statement not Received
SUBSEQUENT TO OUR CANCELLATION NOTICE REFERRED TO ABOVE THE REINSTATEMENT OF THIS BOND
WAS AUTHORIZED; CONSEQUENTLY THIS BOND CONTINUES IN FORCE WITHOUT INTERRUPTION.
Irl V ATTORNEY IN FACT
GEORGE S. ABALLI
25-0637 3-72 131/z I RRIRTEo iR u s A �L
OBLIGEE COPY