Peters, J.
Pursuant to a contract between plaintiff and defendant SRC Contracting Corporation, SRC was to furnish labor and materials for the reconstruction and alteration of the Ulster County BOCES Vocational-Technical Center (hereinafter the Center). Defendant Titan Indemnity Company executed and delivered to defendant Board of Education Ulster County BOCES (hereinafter BOCES) a labor and material payment bond guaranteeing prompt payment to any claimants having...
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