|
<br />o.@]
<br />SAFECO
<br />
<br />~BOR AND MATERIAL
<br />.YMENT BOND
<br />
<br />~ECO INSURANCE COMPANY OF AMERICA
<br />ERAL INSURANCE COMPANY OF AMERICA
<br />RST NATIONAL INSURANCE COMPANY
<br />OF AMERICA
<br />HOME OFFICE, SAFECO PLAZA
<br />SEATTLE, WASHINGTON 98185
<br />
<br />Bond No
<br />
<br />5178291
<br />
<br />Note:
<br />
<br />l ,'.
<br />l~'~:' .:
<br />
<br />--
<br />-:::.-&
<br />.....,. ,
<br />-:::; F/ .
<br />This bond is issued simultaneously with a Performance Bond in favor of the Owner conditioii'eiltor the full' and
<br />, <"'/ . j ~
<br />faithful performance of the Contract. /111/ ..'
<br />I.
<br />
<br />Approved by The American Institute of Architects
<br />A.I.A. Document No. A.311 February, 1970 Edition
<br />
<br />KNOW ALL BY THESE PRESENTS. That we,
<br />
<br />TEZAK CONSTRUCTION CO., INC.
<br />
<br />(Here insert the name and address.or legal title of Contractor)
<br />1315 Royal Gorge Blvd., Canon City, CO 81212
<br />
<br />as Principal, hereinafter called Principal, and SAFECO INSURANCE COMPANY OF AMERICA, a Washington Corpora. "
<br />, .
<br />
<br />, ,
<br />tion of Seattle, Washington, as Surety, hereinafter called Surety, are held and firmly bound unto San Luis Valley
<br />
<br />'Irrigation System c/o Colorado Water Conservation Board, 1700 Lincoln, Suite 2750, ,Denver
<br />(Here insert the name and address or legal title of Owner) CO 80203
<br />as Obligee, hereinafter called Owner, for the use and benefit of Claimants as hereinbelow defined, in the amount of
<br />
<br />ONE HUNDRED .THOUSAND AND NO/lOO--------------------------- Oollars($ 100,000.00----),
<br />(Here insert a sum equal to at least one.half of the contract price)
<br />
<br />for the payment whereof Principal and Surety bind themselves, their heirs, executors, administrators, successors and
<br />assigns,jointly and severally. firmly by these presents.
<br />
<br />WHEREAS. Principal has by written agreement dated tf2.:tj}-fA..''; ,19~ entered into a contract with Owner for
<br />
<br />Coffer Dam at Rio Grande Reservoir
<br />
<br />in accordance with Dwwings <Jnd Specifications prepared by
<br />
<br />(Here insert full name and address or legal title 01 Architect)
<br />which contract is by reference madl. a part hereof, and is hereinafter referred to as the Contract.
<br />
<br />NOW, THEREFORE. THE CONDITION OF THIS OBLIGATION IS SUCH. That if tire Principal shall promptly make
<br />payment to all Claimants as hereinafter defined. for all labor and material used or reasonably required for use in the
<br />performance of the Contract, then this obligation shall be void: otherwise it shall remain in full force and effect, subject,
<br />however, to the following conditions:
<br />
<br />I. A Claimant is defined as one having a direct Contract with the Principal or with a Subcontractor of thc Principal for
<br />labor, material, or both. used or reasonably required for use in the performance of the Contract, labor and material being
<br />construed to include that part of water. gas. power, light, heat, oil, gasolinc, telephone service or rental of equipment
<br />directly applicable to the Contract.
<br />
<br />(continued on reverse side)
<br />
<br />5-1220 R1 10/72
<br />
<br />Exhibit 2
<br />
<br />PRINTED IN U.S.A.
<br />
|