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Oil Inspection Bond Form. This is a Indiana form and can be use in Department Of Revenue Statewide.
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Tags: Oil Inspection Bond, MF-202, Indiana Statewide, Department Of Revenue
Bond Number
Form MF-202
SF# 50224
(R2/05-07)
INDIANA DEPARTMENT OF REVENUE
Oil Inspection Bond
Surety bond given by
of
Name of Principal
City-Town of
Name of City or Town
principal, and
City
County of
Street Address
Name of County
of
Name of Surety
State
, and State of
Name of State
, as
,
Street Address
as surety, to the State of Indiana in the sum of
Zip Code
Thousand Dollars, for the payment of which, we bind ourselves, our heirs, executors, administrators and assigns.
The above principal,
Name of Principal
, has applied for,
and, subject to the execution of a bond as provided by law, has obtained authoriztion to receive kerosene as defined in Indiana
Code 16-44-2-18 known as the Oil Inspection Law, and all acts and regulations amendatory thereof and supplemental thereto,
now in force or which may hereafter be enacted, imposing certain duties, obligations and liabilities upon said principal, the
provisions of which act and all acts amendatory thereof and supplemental thereto being by reference made a part hereof.
If the above principal,
Name
, shall pay all license
taxes, penalties and interest and do, pay and perform all and singular the duties, obligations and liabilities imposed upon
him by virtue of the aforesaid acts in the manner and at the times provided therein, then this obligation is void; otherwise
it remains in full force and effect.
If the surety shall so elect, this bond may be cancelled by giving sixty (60) days’ written notice of such cancellation to the principal and a like sixty (60) days’ written notice to the Indiana Departmet of Revenue, hereinafter referred to
as the Department. Cancellation shall become effective at the expiration of sixty (60) days from the Department’s receipt
of written notice, as provided by law, unless a new bond is filed by such principal and approved by the Department prior to
such time, in which event such cancellation shall be effective from the date of the approval of such new bond. Notice of
cancellation shall not affect the liability of the surety for any acts or omissions of the principal occurring prior to the date
when the cancellation shall become effective, but the surety shall continue to be liable under all of the provisions of this
bond for all acts and omissions of such principal occurring prior to the such cancellation to the same extent as if such notice
of cancellation had not been given. The principal binds himself, his successors and assigns, upon receipt of such notice and
within said period of sixty (60) days, to prepare and file with the Department a new bond to the satisfaction and approval of
said Department, in the sum required by the Department with surety to be approved by said Department.
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This bond may be cancelled by the principal, by filing a new bond with the Department, and giving written notice of
such cancellation to the Surety. Such cancellation shall be effective when the replacement bond is received by the Department; but shall not affect the liability of the surety for any acts or omissions of the principal occurring prior to the date when
such cancellation shall become effective. The surety shall continue to be liable under all of the provisions of this bond for
all acts or omissions of the principal occurring prior to the time the cancellation shall become effective, to the same extent
as if no notice of cancellation shall have been given.
Any show of leniency by the Department toward said principal in the enforcement of any of the provisions of the
Indiana Oil Inspection Law or the making of any special arrangements between the Department and the principal herein with
regard to any delinquency in the payment of any amounts due for which such surety is liable as such under the provisions
hereof, shall not in any manner release said surety hereunder or reduce or affect its liability, but such liability as surety shall
continue as fully and to the same extent and effect as if such leniency had not been shown and such arrangements had not
been made.
This bond is a continuing bond and shall continue in full force and effect from its effective date,
, 20
, until cancelled by agreement of the parties in the manner herein set out, or the
filing of a new bond as required by the Indiana Oil Inspection Law.
IN WITNESS WHEROF, we have hereunto set our hand and seal this
, 20
.
day of
Principal
Attest
By
Owner or President
Secretary of Corporation
STATE OF
COUNTY
By
}
Surety
President
Indiana Resident Agent
ss:
Before me, the undersigned, a Notary Public within and for the County and State aforesaid, this
day of
, 20
, personally appeared
(Principal)
and acknowledged the execution of the foregoing bond.
Witness my hand and seal this date.
Notary Public
My commission expires
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