Cigarette Wholesalers & Other Tobacco Wholesalers, Cigarette Importer, Cigarette Manufacturer License Application (Page 5 of 5) in pdf

RULES AND REGULATIONS OF THE WYOMING DEPARTMENT OF REVENUE

Chapter IV, Section 4(b) Bond.

(I) A cash or surety bond equal to the face value of the maximum purchase of stamps is required of the wholesaler

purchasing cigarette stamps with payment other than cash.

INSTRUCTIONS FOR EXECUTING BONDS

INSTRUCTIONS FOR

EXECUTING BONDS

1. .

If the principal is a CORPORATION, the signature of the President or Vice President must appear, attested by the Secretary

or Assistant Secretary. If signed by any other officer or person, certified evidence of the authority of such officer or person

to sign for and on behalf of the principal must be submitted with the bond. Subscript to signature space should indicate

the corporate capacity or title of signatory for principal, e.g., President or Vice President.

If the principals are PARTNERS, their individual names shall appear in the body of the bond with the recital that they are

doing business as a partnership, e.g., John Doe and James Jones, a partnership, doing business as Hub Trucking Company.

However, the signature of a partner is sufficient to bind the partnership. If two or more individuals jointly own the business,

but not as partners, the signatures of all such owners are necessary.

If the business is a SOLE PROPRIETORSHIP, the name of the owner should appear in the body of the bond with a recital

thereafter of the trade name (if any) of the business, e.g., John Doe, doing business as Hub Transportation. If there is no

trade name, the sole proprietorship should be shown as “John Doe.”

The nature of the principal as a legal entity should be clearly shown on the bond, i.e., sole proprietorship, partnership or

corporation. Designation of the principal by commercial or trade name only is to be avoided (unless it is the actual name

of a corporation). A commercial or trade name should only be used in conjunction with the actual names of the owners of

the business, e.g., individual owners, individuals comprising the partnership in the manner indicated in instruction Nos. 2

and 3.

The SURETY on the bond must be a surety company licensed to do business in Wyoming. The bond must be countersigned

by the surety’s resident agent with his address indicated below the signature. Persons signing should sign their names in the same

identical way as they appear on the Power of Attorney.

The SURETYCOMPANY executing the bond shall attach a duly executed Power of Attorney (or a recently certified copy

thereof) showing the authority of the person signing as agent for the surety company, unless such person is the President or

Vice President of the surety company. The Power of Attorney must have been executed no earlier than 6 months prior to the

effective date of the bond. The copy of the Power of Attorney may be certified by any other qualified person such as a notary

public, but the Power of Attorney must be certified by the Secretary of the corporate surety.

The impress of the surety’s corporate seal must be affixed to (a) the bond near the surety’s execution and (b) the certification

of the attached Power of Attorney near the surety’s execution. Facsimile seals will be accepted on the bond but are not acceptable

on the certification of the attached Power of Attorney.

The Power of Attorney must be acknowledged within six months from the effective date of the bond and must show that

authorization is still in effect and not revoked.

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