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Alabama Auctioneer Apprentice Bond

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

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Surety: Merchants Bonding Company

ASBA FORM 8 BOND FORM INSTRUCTIONS: This form to be completed and sent with original bond and power of attorney. Please refer to your application checklist to determine when you should submit this form to the Board. Bond No. ____________ Bond for Apprentice or Auctioneer KNOW ALL MEN BY THESE PRESENTS, that we _______________________ Name of Applicant _______________________________________________________________________ Of ________________________________________________, as principal, and City/State ______________________________________ as surety, are held and firmly bound Name of Bonding Company Unto the Alabama State Board of Auctioneers in the sum of Ten Thousand Dollars ($10,000.00), lawful money of the United States, for the payment of which well and truly to be made, we and each of us, bind ourselves, our heirs, executors, administrators, successors and assigns, jointly and severally, firmly by these presents. The conditions of the above obligation are such that whereas the above-named principal has made application to the Alabama State Board of Auctioneers of the State of Alabama for a license as an auctioneer or apprentice auctioneer to engage in or continue in the business of auctioneer or apprentice auctioneer in accordance with the provisions of the act entitled: "Auctioneers License Act No. 811-1973", including all amendments made thereafter. NOW, THEREFORE, if the said applicant, as principal, shall in the event said license be issued to him or her, conduct his/her business as an auctioneer or apprentice auctioneer in accordance with the provisions of said act, and shall indemnify any person in accordance with the provisions of said act, said principal hereby agreeing to indemnify any person damaged by any misrepresentation or fraud on the part of said principal or by reason of the violation of the terms of said act, then this obligation shall be void, other wise to remain in full force and effect. It is expressly understood and agreed that the said liability of the surety for any and all claims hereunder shall in no event exceed the sum of Ten Thousand Dollars ($10,000.00). It is agreed and understood that this bond shall be in full force and effect indefinitely and that a continuation or renewal certificate is unnecessary. The Surety may at any time cancel this bond by giving sixty days' written notice to the Alabama State Board of Auctioneers, the surety, however, remaining liable for any defaults under this bond committed prior to the expiration of such 60 day period. Signed and Sealed at ____________________________, Alabama this ______ Day of _________________, A.D. ______. _______________________________ _____________________________ Alabama Agent Name Signature of Principal Applicant _______________________________ _____________________________ Alabama Agent Signature Signature of Authorized Agent Address of Agent of Surety Company of Alabama: _____________________________ Street Address ____________________________ City/State (5/05)

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