Tax Bond Form. This is a Texas form and can be use in Alcoholic Beverage Commission Statewide.
Tags: Tax Bond, 2-52.5, Texas Statewide, Alcoholic Beverage Commission
FORM 2-52.5 (5/06) (Instructions on next page) TAX BOND BOND NUMBER↓ TEXAS ALCOHOLIC BEVERAGE COMMISSION P.O. Box 13127, Austin, TX 78711 (512) 206-3333 (1) KNOW ALL MEN BY THESE PRESENTS: (For Surety Company’s Use) THAT WE, (2) as PRINCIPAL, and (3) as SURETY, duly authorized and qualified to do business as a surety company in this State, are firmly bound unto THE STATE OF TEXAS in the sum of (4) dollars payable at Austin, Travis County, Texas, and for the payment of which, well and truly to be made, PRINCIPAL binds himself, his heirs, executors and administrators, jointly and severally, or itself, its successors and assigns, and the SURETY binds itself, its successors and assigns, firmly by these presents. WHEREAS, PRINCIPAL is the holder of (5) (Type of License – See next page) license for the premises at (6) City of (7) County of (8) State of (9) pursuant to the provisions of the Texas Alcoholic Beverage Code. NOW, THEREFORE, THE CONDITION OF THE OBLIGATION is such that if the PRINCIPAL shall faithfully discharge all obligations, duties and responsibilities under the Texas Alcoholic Beverage Code, and all amendments thereto, and all applicable Rules, and additions and amendments thereto, of the Texas Alcoholic Beverage Commission and its predecessor, the Texas Liquor Control Board, and shall duly account for and pay over all taxes, penalties and interest provided for herein to THE STATE OF TEXAS, then this obligation to be void; OTHERWISE to remain in full force and effect; SUBJECT, HOWEVER, to the following terms and conditions: 1. This bond shall become effective on the date of the issuance of the above license by the Texas Alcoholic Beverage Commission and shall remain in full force and effect until cancelled, as hereinafter provided, or until such license has expired, or in the event administrative action and any and all appeals arising therefrom are finally adjudicated in accordance with the applicable laws. A separate bond shall be provided with each original and renewal application filed. 2. This bond may be cancelled as to liability for future defaults at any time by the SURETY or by the Texas Alcoholic Beverage Commission, upon giving thirty (30) days written notice, in which event the liability of the SURETY shall at the expiration of said thirty (30) days, cease and terminate, except as to such liability of the PRINCIPAL for such taxes, penalties and interest as may have accrued prior to the expiration of said thirty (30) days, it being understood that the SURETY shall be liable for the default of the PRINCIPAL in fully discharging any liability on his or its part as set forth, accruing during the life of the license and while this bond is in full force and effect. 3. The liability of the SURETY on account of all defaults occurring during the entire effective period of this bond shall not exceed the amount above stated, or greater or lesser amount as agreed upon by rider. PRINCIPAL SURETY COMPANY IN TESTIMONY, WHEREOF, said PRINCIPAL has hereunto subscribed his or their names or has caused this instrument to be signed by its duly authorized officers and its corporate seal to be hereunto affixed this date: IN TESTIMONY WHEREOF, said SURETY has caused this instrument to be signed by its duly authorized officers and its corporate seal to be hereunto affixed this date: A.D., A.D., SIGN HERE SIGN HERE (Signature of Attorney-in-Fact for Surety Company) (Signature of Principal) PRINCIPAL MUST BE SHOWN AS: (Surety Company Name) WHO MUST SIGN: Proprietorship-individual owner -individual Partnership-all partners’ names -partner Corporation-corporate name -officer Limited partnership-partnership name & general partner -general partner Limited liability partnership-partnership name & all partners -general partner Limited liability company-company name (Surety Company Mailing Address) ( ) (Surety Company Area Code and Phone Number) ( ) -officer/manager (Agent’s Area Code and Phone Number) (COMPLETE NEXT PAGE) American LegalNet, Inc. www.FormsWorkflow.com ACKNOWLEDGMENTS FORM 2-52.5 (5/06) No. 1 (FOR PRINCIPAL) BEFORE ME, the undersigned authority in and for said State on this day personally appeared known to me to be the person whose name is subscribed to the (Name of Principal) foregoing instrument, and acknowledged to me that he or she executed the same, for the purposes and considerations therein expressed. day of Given under my hand and seal of office, this A.D., SIGN HERE (S E A L) No. 2 (FOR SURETY COMPANY) Notary Public BEFORE ME, the undersigned authority in and for said State on this day personally appeared known to me to be the person whose name is subscribed to the (Name of Attorney-in-Fact) foregoing instrument, and acknowledged to me that he or she executed the same as the act and deed of the surety company thereof, and for the purposes and considerations therein expressed, and in the capacity therein stated. day of Given under my hand and seal of office, this A.D., SIGN HERE (S E A L) Notary Public NO. 1 – PRINCIPAL-ACKNOWLEDGMENT Name of principal who signed the bond must be shown. Notary public must date and sign the acknowledgment and affix notary seal. NO. 2 – SURETY COMPANY-ACKNOWLEDGMENT Name of attorney-in-fact who signed the bond must be shown. Notary Public must date and sign the acknowledgment and affix notary seal. INSTRUCTIONS 1. This bond must accompany all original applications for the licenses listed below and is also required with each renewal application as separate tax liability is required for each year. Renewals must submit a bond in the amount currently on file. Class of License Bond Amount *Bond Estimate Brewpub License $500 Minimum ** --------- Branch Distributor’s License $500 Minimum ** Yes – Based on Sales General Distributor’s License $500 Minimum ** Yes – Based on Sales Local Distributor’s License $500 Minimum ** Yes – Based on Sales Manufacturer’s License $500 Non-Resident Manufacturer’s License $10,000 – Only if delivers to Texas in their vehicles *The amount of bond is determined by the maximum amount of beer sold in a 30 day period. Applicant must submit a statement estimating the maximum amount of beer to be sold in a 30 day period. Example for estimate: 5,000 cases of 24-12 oz., 50 ½ barrels, etc. --------**Subject to increase. 2. On the face of the bond 3. 4. 5. 6. (1) must indicate bond number (6) address of business location (2) name of principal (7) city of business location (3) surety company name (8) county of business location (4) bond amount (9) state of business location (5) type of license as shown above Ensure the principal date is entered and the principal has signed the bond. The attorney-in-fact must date the bond; sign his/her name, enter surety company name, surety mailing address and surety telephone number. Power of Attorney authorizing attorney-in-fact to sign for surety company must be attached. This form will not be accepted with any alterations or whiteouts on the face of the bond. Bond riders will be accepted from bonding company to correct errors noted by the Commission. Corrections in the acknowledgments will be accepted if the notary public has initialed the correction made thereon. American LegalNet, Inc. www.FormsWorkflow.com