Form Mf-202 - Oil Inspection Bond

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Bond Number
Form MF-202
SF# 50224
INDIANA DEPARTMENT OF REVENUE
(R2/05-07)
Oil Inspection Bond
Surety bond given by
of
Name of Principal
Street Address
City-Town of
County of
, and State of
, as
Name of City or Town
Name of County
Name of State
principal, and
of
,
Name of Surety
Street Address
as surety, to the State of Indiana in the sum of
City
State
Zip Code
Thousand Dollars, for the payment of which, we bind ourselves, our heirs, ex-
ecutors, administrators and assigns.
The above principal,
, has applied for,
Name of Principal
and, subject to the execution of a bond as provided by law, has obtained authoriztion to receive kerosene as defi ned in Indiana
Code 16-44-2-18 known as the Oil Inspection Law, and all acts and regulations amendatory thereof and supplemental thereto,
now in force or which may hereafter be enacted, imposing certain duties, obligations and liabilities upon said principal, the
provisions of which act and all acts amendatory thereof and supplemental thereto being by reference made a part hereof.
If the above principal,
, shall pay all license
Name
taxes, penalties and interest and do, pay and perform all and singular the duties, obligations and liabilities imposed upon
him by virtue of the aforesaid acts in the manner and at the times provided therein, then this obligation is void; otherwise
it remains in full force and effect.
If the surety shall so elect, this bond may be cancelled by giving sixty (60) days’ written notice of such cancella-
tion to the principal and a like sixty (60) days’ written notice to the Indiana Departmet of Revenue, hereinafter referred to
as the Department. Cancellation shall become effective at the expiration of sixty (60) days from the Department’s receipt
of written notice, as provided by law, unless a new bond is fi led by such principal and approved by the Department prior to
such time, in which event such cancellation shall be effective from the date of the approval of such new bond. Notice of
cancellation shall not affect the liability of the surety for any acts or omissions of the principal occurring prior to the date
when the cancellation shall become effective, but the surety shall continue to be liable under all of the provisions of this
bond for all acts and omissions of such principal occurring prior to the such cancellation to the same extent as if such notice
of cancellation had not been given. The principal binds himself, his successors and assigns, upon receipt of such notice and
within said period of sixty (60) days, to prepare and fi le with the Department a new bond to the satisfaction and approval of
said Department, in the sum required by the Department with surety to be approved by said Department.

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