Bond Of Designated Agent - Non-Dealer

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MVT 4-4    8/2014
A
D
R
LABAMA
EPARTMENT OF
EvENuE
Bond Number
M
v
D
OTOR
EHICLE
IvISION
______________________
P.O. Box 327643 • Montgomery, AL 36132-7643 • dealerlicense@revenue.alabama.gov
Bond of Designated Agent – Non-Dealer
KNOW ALL MEN BY THESE PRESENTS, that we ________________________________________________________________________________
_____________________________________________________________________________________________________________________________
City____________________________________________ , County ___________________________________ , State __________________________ ,
As Principal (hereinafter called Principal), and ____________________________________________________________________________________
NAME OF SURETY
________________________ of _______________________________________________________________________________________________ , as
Surety (hereafter call Surety), are held and firmly bound unto the Commissioner of Revenue of the State of Alabama in the sum of Ten Thousand
Dollars ($10,000.00), for the payment of which, well and truly to be made, we bind ourselves, our heirs, executors, administrators, successors,
and assigns, jointly and severally, firmly by these presents.
The conditions of the foregoing obligation are such that:
WHEREAS, the Principal has been duly appointed as a “Designated Agent” by the Alabama Department of Revenue as provided in Sections
32-8-34 and 32-20-22, Code of Alabama 1975, subject to the execution of this bond.
NOW THEREFORE, in consideration of the Premise:
If the aforementioned Principal shall well and faithfully perform the duties as a “Designated Agent,” then this obligation shall be null and
void; otherwise, the same shall remain in full force and effect.
It is expressly understood and agreed that neither this obligation nor any liability thereunder shall be released or the validity thereof
affected by reason of the adoption by the State of Alabama of any Act in lieu of or amendatory to said laws, but this obligation shall continue
in full force and effect with respect to said statutes or any amendments thereto or changes therein which may be adopted before the cancellation
of this obligation as herein provided, or before the actual cancellation and surrender of this obligation by the State of Alabama pursuant to any
law now existing or hereafter adopted relating thereto.
The Surety on this bond may be released and discharged from any and all liability to the State of Alabama accruing on this bond after the
expiration of sixty (60) days from the date upon which said Surety shall have filed with the Alabama Department of Revenue written request
to be released and discharged provided; however, such request shall not operate to relieve, release or discharge such Surety from any liability
already accrued or which shall accrue before the expiration of said sixty (60) day period.
IN WITNESS WHEREOF, we hereunto set our names and seals on this ____________ day of _______________________________ , _________ .
(postdated bonds not acceptable)
_______________________________________________________
_______________________________________________________
(Surety)
Authorized Representative of Business (Principal) – Typed Name
_______________________________________________________
_______________________________________________________
(Agent of Surety Company) – Typed Name
Authorized Representative of Business (Principal) – Signature
_______________________________________________________
_______________________________________________________
(Agent of Surety Company) – Signature
Authorized Representative of Business (Principal) – Typed Name
_______________________________________________________
_______________________________________________________
(State of Alabama, Commissioner of Revenue)
Authorized Representative of Business (Principal) – Signature
(See back for instructions)

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