Warehouseman/ Seed Buyer Bond Form - Idaho

This Idaho-specific printable "Warehouseman/ Seed Buyer Bond Form" is a part of the legal paperwork issued by the Idaho Department of Agriculture.

Download the up-to-date PDF by clicking the link below and mail it as per the guidelines provided by the department.

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STATE OF IDAHO
DEPARTMENT OF AGRICULTURE
Bonded Warehouse Law
(Title 69, Chapter 2, Idaho Code, and any and all amendments thereto)
Seed Indemnity Fund Law
(Title 22, Chapter 51, Idaho Code and any and all amendments thereto)
WAREHOUSEMAN/ SEED BUYER BOND
Bond Number _______________
KNOW ALL MEN BY THESE PRESENTS: That we,
,
(Principal)
having a principal place of business in the city of
, State of
,
as principal, and
,
(Surety Company)
a corporation organized under and by virtue of the laws of the State of
, and duly
authorized to conduct a surety business in the State of Idaho, as surety are held and firmly bound to the
Commodity Indemnity Fund and the Seed Indemnity Fund in the penal sum of
dollars
($
) for the payment of which, well and truly to be
made, we bind ourselves, our heirs, our executors, successors and assigns, jointly and severally, firmly to
these presents.
The conditions of the above obligation are such that:
WHEREAS, the above named principal has applied to the Department of Agriculture of the State
of Idaho for a license to operate as a public warehouse, under the Bonded Warehouse Law, Title 69,
Chapter 2, Idaho Code, and to operate as a Seed Buyer under the Seed Indemnity Fund Law, Title 22,
Chapter 51, Idaho Code and any and all laws and rules amendatory thereto, or supplementary thereto,
prescribed by the State of Idaho; said principal has agreed to abide by said laws, and is required to file
this bond in order to engage in said business, and,
NOW THEREFORE, if said principal shall well, truly and faithfully comply with the provisions
of Title 69, Chapter 2, Idaho Code, and Title 22, Chapter 51, Idaho Code and any and all laws and rules
amendatory thereto, or supplementary thereto, prescribed by the State of Idaho subsequent to the
execution of this bond, then this obligation shall be void and of no effect; otherwise, this obligation shall
remain in full force and effect during the term of the license and its extension or annual renewal or until
cancelled as provided in section 69-208A, Idaho Code and section 22-5105, Idaho Code.
This bond shall be effective on the
day of
, 20
, and
shall run concurrently with the period of the licenses granted to the principal, and shall remain in full
force and effect for any renewals thereof, provided, however, that the penalty of said bond shall not be
cumulative from year to year, and the total liability of the surety herein shall not exceed the sum of
dollars ($
)
regardless of the number of license periods for which said bond is in force.
This bond may be canceled by the surety by service of written notice of cancellation upon the
Director of Agriculture of the State of Idaho, such cancellation to be effective at the expiration of 90 days
after the service of such cancellation notice by the surety to the Director of Agriculture by registered or
certified mail, return receipt requested. Such cancellation notice when served by the surety shall not
affect any liability that shall have accrued under this bond prior to the effective date of cancellation.
STATE OF IDAHO
DEPARTMENT OF AGRICULTURE
Bonded Warehouse Law
(Title 69, Chapter 2, Idaho Code, and any and all amendments thereto)
Seed Indemnity Fund Law
(Title 22, Chapter 51, Idaho Code and any and all amendments thereto)
WAREHOUSEMAN/ SEED BUYER BOND
Bond Number _______________
KNOW ALL MEN BY THESE PRESENTS: That we,
,
(Principal)
having a principal place of business in the city of
, State of
,
as principal, and
,
(Surety Company)
a corporation organized under and by virtue of the laws of the State of
, and duly
authorized to conduct a surety business in the State of Idaho, as surety are held and firmly bound to the
Commodity Indemnity Fund and the Seed Indemnity Fund in the penal sum of
dollars
($
) for the payment of which, well and truly to be
made, we bind ourselves, our heirs, our executors, successors and assigns, jointly and severally, firmly to
these presents.
The conditions of the above obligation are such that:
WHEREAS, the above named principal has applied to the Department of Agriculture of the State
of Idaho for a license to operate as a public warehouse, under the Bonded Warehouse Law, Title 69,
Chapter 2, Idaho Code, and to operate as a Seed Buyer under the Seed Indemnity Fund Law, Title 22,
Chapter 51, Idaho Code and any and all laws and rules amendatory thereto, or supplementary thereto,
prescribed by the State of Idaho; said principal has agreed to abide by said laws, and is required to file
this bond in order to engage in said business, and,
NOW THEREFORE, if said principal shall well, truly and faithfully comply with the provisions
of Title 69, Chapter 2, Idaho Code, and Title 22, Chapter 51, Idaho Code and any and all laws and rules
amendatory thereto, or supplementary thereto, prescribed by the State of Idaho subsequent to the
execution of this bond, then this obligation shall be void and of no effect; otherwise, this obligation shall
remain in full force and effect during the term of the license and its extension or annual renewal or until
cancelled as provided in section 69-208A, Idaho Code and section 22-5105, Idaho Code.
This bond shall be effective on the
day of
, 20
, and
shall run concurrently with the period of the licenses granted to the principal, and shall remain in full
force and effect for any renewals thereof, provided, however, that the penalty of said bond shall not be
cumulative from year to year, and the total liability of the surety herein shall not exceed the sum of
dollars ($
)
regardless of the number of license periods for which said bond is in force.
This bond may be canceled by the surety by service of written notice of cancellation upon the
Director of Agriculture of the State of Idaho, such cancellation to be effective at the expiration of 90 days
after the service of such cancellation notice by the surety to the Director of Agriculture by registered or
certified mail, return receipt requested. Such cancellation notice when served by the surety shall not
affect any liability that shall have accrued under this bond prior to the effective date of cancellation.
IN WITNESS WHEREOF, the said principal has hereunto set his hand and seal and the said
surety has caused its corporate name to be hereunto subscribed this
day
of
, 20
.
Witnessed
Principal
By
Title
Countersigned by:
Resident Agent
Surety
Resident Agent's Address
Attorney-in-Fact
ACKNOWLEDGEMENT OF SURETY BY ATTORNEY-IN-FACT
State of
)
)ss.
County of
)
On this
day of
, in the year 20
, before
me,
a Notary Public in and for the State of
,
personally appeared
known to me (or proved to me on the
oath of
) to be the person whose name is subscribed to the
within instrument as the attorney-in-fact of
and acknowledged
to me that he subscribed the name of said company thereto as surety, and his own name as attorney-in-
fact.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal this
day of
,
.
Notary Public
(SEAL)
Residing at
My Commission Expires_____________________________

Download Warehouseman/ Seed Buyer Bond Form - Idaho

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