1973-0726_CRAIG DEVELOPMENT CORP_Labor & Material Bond No. 0908241
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SUBDIVISION IMPROVEMENT BOND
LABOR AND MATERIAL (CALIFORNIA)
KNOW ALL MEN BY THESE PRESENTS:
a
BOND NO. 090824
PREMIUM Incl.in Perf.Bond
That we, LEADERSHIP HOUSING SYSTEMS, INC. as Principal, and the
ARGONAUT I99URANCE COMPANY a Corporation organized
and existing under the laws of the State of California, as Surety, are held
and firmly bound unto the CITY OF SAN JUAN CAPISTRANO
for the use and benefit of any and all persons entitled to file claim under
Section 11612, Business and Professions Code of the State of California, in
the sum of THREE HUNDRED FIFTY-NINF THDUSANn FTVF wuNngFn AND no/10 Dollars
( 359,500.00 ), for the payment whereof, well and truly to be made,
said Principal and Surety bind themselves, their heirs, administrators,
successors and assigns, jointly and severally, firmly by these presents.
THE CONDITION OF THIS OBLIGATION IS SUCH, that WHEREAS, the Principal entered
into a certain Agreement or Contract with the Obligee, dated 29th day of
July 19 I3wherein the Principal has agreed to complete the
following improvements:
INSTALLATION OF STREET IMPROVEMENTS, STREET LIGHTING SYSTEM,
SANITARY SEWER SYSTEM, AND TRACT MONUMENTATION TO SBRVE
TRACT NO. 8087
as more fully set forth in said agreement.
NOW, THEREFORE, if the Principal shall pay Contractor, his subcontractors, and
persons renting equipment or furnishing labor and materials to them for the
improvement then this obligation shall be null and void; otherwise, to remain
in full force and effect.
THE AGGREGATE LIABILITY of the Surety for any and all claims hereunder shall in
no event exceed the sum specified in this bond.
TIME FOR FILING SUIT on this bond shall be limited to six (6) months from date of
completion of said improvements as "completion" is defined under applicable sections
of the Civil Code of the State of California.
Signed and sealed this 26th day of July 19 73
rLEA IN YS INC. ARGONAUT INSURANCE COMPANY
r nc pal Surety
i t Ce �/LdS_ BY
William C..Thorot*n,Jr.,Attarney-in-
act
S16t1 of Califemie
w
&Unty of
On this.
as:
Orange
26th day of July
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19 %3 , before me
I William C. Thornton, Jr.
personally appeared
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known to me to be an Attorney -in -Fact of Argonaut Insurance Company, the corporation described in the within
irlstrument, and he acknowledged to me that he executed the within instrument as the act of the said Argonaut
Insurance Company in accordance with authority duly conferred upon him byysaid
dCCompany.
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• OOFFICIALAL SEAL ♦ e
• ELEANOR G. HUDSON • too Any p c
• • ELEANOR HiS�ON
♦ NOTARY PU9LIC-CALIFORNIA
• PRINCIPAL OFFICE IN 1 I
ORANGE COUNTY
My Commlarlon Expires April 26, 1977IS My Commission Expires
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STATE OF CALIFORNIA
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COUNTY OF grange _}µ.
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On July 26a1944�� , before me, the undersigned, a Notary Public in and for
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said State, personally appeared Allen M. Condon
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known to me to be the Vice President, and
Barry Brief
1N
Assistant
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known to me to be rh c-cretary, of the corporation that executed the within Instrument,
Qand
known to me to be the persons who executed the within
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instrument on behalf of the corporation therein named, and ac-
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knowiedged to me that such corporation executed the within
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instrument pursuant to its by-laws or a resolution of Its board of
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directors.
♦♦•••1111.1.1••1••••1.1•♦111
1 OFFICIAL SEAL
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WITNESS mananfi seal.
MARION PEARSONg
CO
LY ANOT
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E
ORANGE
LL
Signatu
My Cossnfssian Expires Oct. 12,1976
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Mmvd Pearson
Name (Typed or Prhned)
MIS err far official notarial seal)
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