Other Tobacco Products Distributors License Bond {OTP-902} | | Indiana

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Other Tobacco Products Distributors License Bond {OTP-902} |  | Indiana

Last updated: 4/12/2007

Other Tobacco Products Distributors License Bond {OTP-902}

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Description

Form OTP-902 State Form 50831 (R/ 02-02) Bond Number Other Tobacco Products Distributor's License Bond of Name of Principal Street Address Surety bond given by City-Town of Name of State Street Address Name of City or Town , , and State of Name of County , County of Name of Surety City State Zip Code , as principal, and Zip Code of , as surety, to the State of Indiana in the sum of administrators and assigns. The above principal, Thousand Dollars, for the payment of which, we bind ourselves, our heirs, executors, , has applied for, and subject to Name of Principal the execution of a bond as provided by law, has obtained an Other Tobacco Products Distributor's License to engage in a business as defined in Indiana Code 6-7-2-8 entitled " Tobacco Products Tax 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 amendatory thereof and supplemental thereto being by reference made a part hereof. If the above principal, Name , shall pay all license fees, license taxes, penalties and interest and does 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 Department of Revenue, Controller's Division, hereinafter referred to as the Division. Cancellation shall become effective at the expiration of sixty (60) days from the Division's receipt of written notice, as provided by law, unless a new bond is filed by such principal and approved by the Division 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 occuring 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 Division a new bond to the satisfaction and approval of said Division, in the sum required by the Division with surety to be approved by said Division. This bond may be cancelled by the principal, by filing a new bond with the Division, and giving written notice of such cancellation to the Surety. Such cancellation shall be effective when the replacement bond is received by the Division; 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 Division toward said principal in the enforcement of any of the provisions of the Tobacco Products Tax Law or the making of any special arrangements between the Division 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 Tobacco Products Tax Law. IN WITNESS WHEREOF we have hereunto set our hand and seals this . day of , 20 Principal Attest: Secretary of Corporation By Owner or President Surety By Attorney in Fact STATE OF SS: COUNTY Before me, the undersigned, a Notary Public within and for the County and State aforesaid, this day of , 20 , personally appeared (Owner or President) and acknowledged the execution of the foregoing bond. Witness my hand and seal this date. Notary Public My commission expires American LegalNet, Inc. www.FormsWorkflow.com Form OTP-902 (R/ 02-02) Other Tobacco Products Distributor's Bond License No. (name) (address) Taken and approved by me this day of 20 Administrator American LegalNet, Inc. www.FormsWorkflow.com

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