8 Ill. Adm. Code 900.APPENDIX
A Surety Instruments
Section 900
Section 900.APPENDIX A Surety
Instruments
Section 900.ILLUSTRATION A Surety
Bond
SURETY
BOND
Date bond executed:
Effective date:
Principal:
Type of organization:
State of incorporation:
Surety
Sites:
Name:
Address:
City:
Amount guaranteed by this
bond:
$
Name:
Address:
City:
Amount guaranteed by this
bond:
$
Please attach a separate page
if more space is needed for all sites.
Total penal sum of bond
$
Surety's bond number:
The Principal and the Surety
promise to pay the Illinois Department of Agriculture ("Department")
the above penal sum unless the Principal provides closure for each site in
accordance with 510 ILCS 77/15(e) and 35 Ill. Adm. Code 900.608. To the
payment of this obligation the Principal and Surety jointly and severally bind
themselves, their heirs, executors, administrators, successors and assigns.
Whereas the Principal is
required, under Section 15(b) of the Livestock Management Facilities Act
("LMFA") to register at least one livestock waste lagoon with the
Department; and
Whereas the Principal is
required, under Section 17 of the LMFA to evidence financial responsibility for
closure of each registered lagoon; and
Whereas the Surety is licensed
by the Illinois Department of Insurance; and
Whereas the Principal and Surety
agree that this bond shall be governed by the laws of the State of Illinois;
The Surety shall pay the penal sum to the Department if, during the term of the
bond, the Department issues a notice of liability to the Surety.
The Surety shall pay the penal
sum of the bond to the Department within 30 days after the Department mails the
notice of liability to the Surety unless the Surety assumes responsibility to
provide closure and so notifies the Department. Payment shall be made by
deposit of funds into a designated account upon which the Department is
authorized to draw.
The liability of the Surety
shall not be discharged by any payment or succession of payments unless and
until such payment or payments shall amount in the aggregate to the penal sum
of the bond. In no event shall the obligation of the Surety exceed the amount
of the penal sum. If the Surety assumes responsibility to provide closure,
expenditures made by the Surety for that purpose may exceed the amount of the
penal sum, but the amount of the Surety's obligation under this bond is not
affected.
This bond shall expire on the
day of
,
.
The Principal may terminate this
bond by sending written notice to the Surety; provided, however, that no such
notice shall become effective until the Surety receives written authorization
for termination of the bond from the Department.
In Witness Whereof, the
Principal and Surety have executed this Surety Bond and have affixed their
seals on the date set forth above. The persons whose signatures appear below
certify that they are authorized to execute this surety bond on behalf of the
Principal and Surety.
PRINCIPAL
Signature Name
Typed Name
Address
Title
State of Incorporation
Date
Corporate
seal
CORPORATE SURETY
Signature
Typed Name
Title
Corporate
seal
Bond premium:
$