Section 20426 Of Article 27. Legislative Bodies—improvement Act Of 1911 From California Public Contract Code >> Division 2. >> Part 3. >> Chapter 1. >> Article 27.

. All contractors, contracting owners included, shall, at the time of executing any contract for the work, execute a bond to the satisfaction and approval of the superintendent of streets and payable to the city, in a sum not less than 25 percent of the amount of the contract, conditioned upon the faithful performance of the contract.