Los Angeles S. Co. v. National S. Co.

A cting under the city charter and pursuant to the provisions of the Vrooman Act, [Stats. 1885, p. 147], the board of public works of the city of Los Angeles duly entered into a contract with defendant Standard Construction & Development Company for the improvement of Melrose Avenue, in said city. By the terms of the contract the work was to be completed within 210 days from the date thereof, which was September 14, 1912. With the execution of the contract the contractor, as principal, and the National Surety Company, as surety, in pursuance with the provisions of section 6½ of the act under which the proceedings were had and taken (Act 3930, Gen. Laws 1915, p. 1722), executed a bond, which, after reciting that the principal therein named had entered into a contract for doing the work specified therein, obligated itself as follows: “Now, therefore, if the said principal fails to pay for any materials furnished for the work of improvement described in said contract, or for any work or labor done thereon of any kind, the said sureties will pay the same to an amount not exceeding said sum of $25,600. This bond shall inure to the benefit of any and all persons, companies or…