Labor and Material Payment Bond (6K)
Doc #143666: Click preview link for longer preview.
THE AMERICAN INSTITUTE OF ARCHITECTS
AIA Document A311
LABOR AND MATERIAL PAYMENT BOND
THIS BOND IS ISSUED SIMULTANEOUSLY WITH PERFORMANCE BOND IN FAVOR OF
THE OWNER CONDITIONED ON THE FULL AND FAITHFUL PERFORMANCE OF THE CONTRACT
Bond Number 1328406
KNOW ALL MEN BY THESE PRESENTS: that Penn Wilson CNG, as Principal,
hereinafter called Principal, and Amwest Surety Insurance Company, 330 North
Brand, Suite 550, Glendale, CA 91203, as Surety, hereinafter called Surety,
are held and firmly bound unto A.E. Schmidt Environmental as Obligee,
hereinafter called, Owner, for the use and benefit of claimants as hereinbelow
defined, in the amount of One Million Four Hundred Thirty One Thousand Three
Hundred Nine Dollars ($1,431,309.00), for the payment whereof Principal and
Surety bind themselves, their heirs, executors, administrators, successors and
assigns, jointly and severally, firmly by these presents.
WHEREAS,
Principal has by written agreement dated ____________________, entered into a
contract with Owner for
Supply and install compressed natural gas fueling station
which contract is by reference made a part hereof, and is hereinafter referred
to as the Contract.
143666