Section 20463 Of Article 27. Legislative Bodies—improvement Act Of 1911 From California Public Contract Code >> Division 2. >> Part 3. >> Chapter 1. >> Article 27.
20463
. The bond shall guarantee the payment of any sum which the
claimant may recover on the claim together with his costs of suit in
the action, if he shall recover therein. If such bond is filed, the
city, any officer thereof, or superintendent of streets shall not
withhold any moneys or funds, assessment, partial assessment, any
reassessment and any bonds which may be issued to represent any
assessment or reassessment from the contractor on account of the
claim. The sureties upon the bond shall be jointly and severally
liable to the claimant with the sureties upon the contractor's
original labor and material bond posted by the contractor.