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Alabama Alcohol Bond


Product Number: Various
Alabama Alcohol Bond. This product has multiple versions. Please select one using the Choose a Version box.

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Surety: Merchants Bonding Company

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Underwriting Required
Application Required

Bond Number: CITY OF ATHENS ALCOHOL ORDINANCE TAX OR FEE BOND That ________________________________________________, hereinafter called Principal, and ___________________________________, as Surety, are held and firmly bound unto the City of Athens, Alabama, a municipal corporation, in the sum of $10,000 for the payment of which well and truly to be made we hereby bind ourselves, our heirs, executors, administrators, successors and assigns, jointly and severally, firmly by these presents. The condition of the foregoing is such, however, that WHEREAS, as one of the conditions precedent to the consent and approval of the City Council with respect to the issuance of an alcoholic beverage license, or to the granting, renewal, maintenance, transfer or allowance of a privilege license, the Principal is required to deliver to the City of Athens, Alabama, a bond conditioned to promptly pay to said City all such amounts as are required to be paid to said City under the terms of Ordinance No.2005-1529, or any amendment thereto, and any other amount which may become due to the City of Athens, Alabama for any license fee, privilege tax, or excise tax imposed by said ordinance and becoming due after the date of the bond. NOW, THEREFORE, the condition of this obligation is such, that if the Principal shall faithfully comply with all the laws and ordinances of the City of Athens now in force, or that may hereafter be adopted, and will promptly pay to said City of Athens, Alabama all such amounts as may become due as required under the terms of the above license, then this obligation is to become null and void; otherwise to remain in full force and effect. If the Surety shall so elect, this bond may be cancelled by providing notice through certified mail to the City Clerk of the City of Athens, or his designated representative. This notice shall provide for thirty (30) days notice to the City of Athens and this bond shall be deemed cancelled at the expiration of said thirty (30) days; the Surety remaining liable, however, subject to all the terms, conditions, and provisions of this bond, for any acts covered by this bond which may have been committed by the Principal up to the date of such cancellation. IN WITNESS WHEREOF, the said Principal and the said Surety have hereunto set their hands and seals at Athens, Alabama on this the _________ day of ________________________, 20___________ _____________________________________________________________(Seal) Principal BY ____________________________________ Title _______________________________________(Seal) Surety BY____________________________________ Title


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