"Surety Bond for Corporation"

This United States-specific "Surety Bond for Corporation" is a document released by the U.S. Department of the Interior - Office of Surface Mining, Reclamation and Enforcement.

Download the fillable PDF by clicking the link below and use it according to the applicable legal guidelines.

ADVERTISEMENT

Download "Surety Bond for Corporation"

1256 times
Rate
(4.5 / 5) 88 votes
United States Department of the Interior
OFFICE OF SURFACE MINING RECLAMATION AND ENFORCEMENT
SURETY BOND FOR CORPORATION
KNOW ALL PERSONS BY THESE PRESENTS, THAT THE UNDERSIGNED
_____________________________________________________________________________
(Name of Corporation - Permittee)
,
(Street Address)
(City)
(State)
(ZIP)
a Corporation organized and existing under the laws of the State of
as
Principal, and ____________________________________________________________,
(Name & Address of Surety Company)
organized and existing under the laws of the State of _____________________________ and
licensed to do business in the State of ______________________________, as Surety, are held
and firmly bound unto the United States Department of the Interior, Office of Surface Mining
Reclamation and Enforcement (OSM) in the sum of
____________________________________________________________
__________________________________________________ ($
),
for the payment of which sum we hereby jointly and severally bind ourselves, our successors,
and assigns.
THE CONDITION OF THE ABOVE OBLIGATION is such, that:
Whereas, the above named Principal has submitted Permit Application No.
,
including a mining and reclamation plan, to conduct and reclaim surface coal mining operations,
as defined pursuant to the Surface Mining Control and Reclamation Act of 1977, 30 U.S.C.
§1201 et seq., (the Act) and its attendant regulations; and
Whereas, the Principal has chosen to file this performance bond as a guarantee that the
reclamation of the land disturbed during this surface mining operation will be completed as
required by the Act and 30 CFR Chapter VII, and as specified in the Permit as issued;
Whereas, the Surety, and their successors and assigns agree to guarantee the obligation
and to indemnify, defend, and hold harmless OSM from any and all losses and expenses which
OSM may sustain as a result of the Principal’s failure to comply with the condition of the
obligation;
Whereas obligations guaranteed by this performance bond shall be in effect for the
following described lands approved as the permit area or increment upon which initial or
succeeding operations will be conducted: _______________________________________
_________________________________________________________________________
Permit No.
Page 1 of 4
Bond No. _______________________
United States Department of the Interior
OFFICE OF SURFACE MINING RECLAMATION AND ENFORCEMENT
SURETY BOND FOR CORPORATION
KNOW ALL PERSONS BY THESE PRESENTS, THAT THE UNDERSIGNED
_____________________________________________________________________________
(Name of Corporation - Permittee)
,
(Street Address)
(City)
(State)
(ZIP)
a Corporation organized and existing under the laws of the State of
as
Principal, and ____________________________________________________________,
(Name & Address of Surety Company)
organized and existing under the laws of the State of _____________________________ and
licensed to do business in the State of ______________________________, as Surety, are held
and firmly bound unto the United States Department of the Interior, Office of Surface Mining
Reclamation and Enforcement (OSM) in the sum of
____________________________________________________________
__________________________________________________ ($
),
for the payment of which sum we hereby jointly and severally bind ourselves, our successors,
and assigns.
THE CONDITION OF THE ABOVE OBLIGATION is such, that:
Whereas, the above named Principal has submitted Permit Application No.
,
including a mining and reclamation plan, to conduct and reclaim surface coal mining operations,
as defined pursuant to the Surface Mining Control and Reclamation Act of 1977, 30 U.S.C.
§1201 et seq., (the Act) and its attendant regulations; and
Whereas, the Principal has chosen to file this performance bond as a guarantee that the
reclamation of the land disturbed during this surface mining operation will be completed as
required by the Act and 30 CFR Chapter VII, and as specified in the Permit as issued;
Whereas, the Surety, and their successors and assigns agree to guarantee the obligation
and to indemnify, defend, and hold harmless OSM from any and all losses and expenses which
OSM may sustain as a result of the Principal’s failure to comply with the condition of the
obligation;
Whereas obligations guaranteed by this performance bond shall be in effect for the
following described lands approved as the permit area or increment upon which initial or
succeeding operations will be conducted: _______________________________________
_________________________________________________________________________
Permit No.
Page 1 of 4
Bond No. _______________________
__________________________________________________________________________
__________________________________________________________________________
__________________________________________________________________________;
(If more space is needed use an attachment signed by the Surety)
Now, if the Principal faithfully completes all reclamation and abatement requirements set
forth in the Act, in 30 CFR Chapter VII, and in its Permit, including the mining and reclamation
plans, then this obligation shall be void; otherwise, it shall remain in full force and effect:
(a) beginning on the date of the approval and issuance of Permit No.__________ and
extending until all reclamation, restoration, and abatement work pursuant to the Act,
30 CFR Chapter VII, and the permit has been completed to the satisfaction of OSM;
and
(b) until the bond is released pursuant to 30 CFR §800.40, replaced in accordance with
30 CFR §800.30, or until the permit has been sold, reassigned or otherwise
transferred in accordance with 30 CFR §774.17; and
(c) for a minimum period of
years, notwithstanding the requirements of sub-
paragraphs (a) and (b) above, it being further understood that if the Principal performs
any augmented seeding, fertilization or other supplemental reclamation work on the
site prior to bond release, the period of liability under this bond shall begin again
subject to the exception found in 30 CFR §816.116(c)(4) or 30 CFR §817.116(c)(4).
The failure of the Principal to fulfill the obligations specified by the Act, 30 CFR Chapter
VII, and its permit, shall result in a forfeiture of this performance bond according to the
procedures described in 30 CFR §800.50.
The Surety shall not cancel this bond at any time for any reason, including non-payment
of premium or bankruptcy of the Principal during the period of liability. The amount of the
Surety’s liability may be adjusted by OSM pursuant to 30 CFR §800.15 for lands covered by this
bond which have not been disturbed by the Principal, upon application by the Principal pursuant
to 30 CFR §774.13 for revision of the Permit to delete such acreage, and approval by OSM of
such revision.
The Surety will give prompt notice to the Principal and to OSM of any notice received or
action filed alleging the insolvency or bankruptcy of the Surety, or alleging any violations of
regulatory requirements which could result in suspension or revocation of the Surety’s license to
do business.
In the event the Surety becomes unable to fulfill its obligation under the bond for any
reason, notice shall be given immediately to the Principal and to OSM.
Upon the incapacity of the Surety by reason of bankruptcy, liquidation, insolvency, or
suspension or revocation of its license, the Principal shall be deemed to be without bond
coverage in violation of 30 CFR §800.11 and shall be subject to the requirements described in 30
CFR §800.16(e)(2).
Permit No.
Page 2 of 4
Bond No. _______________________
IN WITNESS WHEREOF, the Principal and Surety have hereunto set their signatures
and seals as of the dates set forth below. This bond shall be effective this _____ day of
_____________, 20__.
PRINCIPAL
Date __________________________
_______________________________________
(Corporation/Permittee)
By: ____________________________________
Affix Seal
1
Corporate Official
Title: ____________________________________
1
Attorney-in-Fact
ACKNOWLEDGEMENT OF CORPORATE PERMITTEE
On this ______ Day of ______________________, 20
, before me, a Notary Public
in and for the County of _____________________, in the State of __________________,
appeared _______________________personally known to me to be the person whose name is
subscribed to the forgoing instrument and who, being by me duly sworn, did say that he/she
executed the same for the purposes therein contained.
IN WITNESS WHEREOF, I have hereunto set my hand and official seal on the day,
month, and year aforesaid.
My Commission Expires:
______________________________________
(
Notary Public in aforesaid County and State)
SURETY
Date: ____________________________
____________________________________
(Corporate Surety)
)
By: ________________________________
(Affix Seal
Title: ______________________________
1
(Attorney-in-fact
)
1
Where one signs by virtue of Power of Attorney or Corporate Resolution for a Surety, or corporate
Principal, a certified copy of the Power of Attorney or Corporate Resolution must be filed with this bond.
NOTE: If applicable, include the name, address, and phone number of the Agent representing
the Surety Company.
Permit No.
Page 3 of 4
Bond No. _______________________
ACKNOWLEDGEMENT OF CORPORATE SURETY
On this ______Day of _________________________,20
, before me, a Notary
Public in and for the County of _____________________, in the State of ________________,
appeared ___________________________to me personally known, who being by me duly
sworn, did say that he/she is _________________ of,
, the
corporate surety named in and which executed the within instrument, and that the seal affixed to
said instrument is the corporate seal of said corporation, and that said instrument was signed,
sealed and delivered in behalf of said corporation by authority of its Board of Directors, and
he/she, as such officer, acknowledged said instrument to be the free act and deed of said
corporation for the uses and purposes of said instrument as therein set forth.
IN WITNESS WHEREOF, I have hereunto set my hand and official seal on the day,
month, and year aforesaid.
My Commission Expires:
______________________________________
(Notary Public in aforesaid County and State)
Paperwork Reduction Act Notice
We use the information required by this form to ensure that the requirements for a surety bond under 30 CFR 800.20
have been met. You must provide the requested information to obtain a benefit (a surety bond). Under 30 CFR
842.16, the information collected is a matter of public record.
The time needed to complete this form and related forms and submit the requested information to obtain a surety
bond will vary depending on individual circumstances. We estimate that the average time will be 12 hours per
response. This number includes the time spent reviewing instructions, learning about the regulations, gathering and
maintaining information, and completing and reviewing the forms. If you have comments concerning the accuracy
of this estimate or suggestions for simplifying the forms or instructions, you may write to the Information
Collection Clearance Officer, Office of Surface Mining Reclamation and Enforcement, 1849 C Street, NW, Room
4559, Washington, DC 20240.
Under the Paperwork Reduction Act of 1995 (44 U.S.C. 3501 et seq.), you are not required to respond to, nor will
you be subject to a penalty for a failure to comply with, a collection of information unless it displays a currently
valid OMB control number.
OMB Control No. 1029-0043, expires 10/31/2021
Permit No.
Page 4 of 4
Bond No. _______________________
ADVERTISEMENT
Page of 4