Boro Electric Installation, Inc. (Boro), an electrical contractor, entered into an agreement with the City of New York to perform electrical work in the construction of a police station house and firehouse. Boro, as principal, executed a wage and material-payment bond with the Insurance Company of North America and American Reinsurance Company, as sureties, which provided, inter alia, that the principal would pay all lawful claims for materials and supplies used by...
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