Fillable Form Tc-763c.ai - Cigarette Tax Surety Bond printable pdf download

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BOND NO.__ _ __ _ __ _ __ _ _

TC-763C.ai Rev. 9/11

CIGARETTE TAX SURETY BOND

KNOW ALL PERSONS BY THESE PRESENTS: That

___ __ __ __ _ __ _ __ _ __ _ __ _ _ __ _ _ _ __ _ _

__________________________________________________________

of (Street

Address)________ ___ __ __ __ ___ __ __ __ _ __ _ __ _ __ _ __ _ _ __ _ __ _ __ _

(City), County of

______ ___ ___ ___ _ __ ___ ___ _ __ _ __ _ __ _ __ _ __

, Utah (“Principal”), and

________________ __ ___ ___ _ __ ___ ____ _ __ _ __

, duly certified by the Utah Department

of Insurance (State of Utah certificate number

#_ ___ __ ___

__) to do business in the State of Utah, and with a rating

of at least B+ with the A.M. Best Company, (“Surety”), are jointly and severally held and firmly bound to the people of the

State of Utah in the sum of

____ __ ___ __ __ __ ___ ___ _ __ _ _

Dollars

($__ _ __ _ _ _

), as required

by Title 59, Chapter 14, Utah Code Ann. (1953, as amended), lawful money of the United States for the payment of which,

well and truly to be made, we bind ourselves, our heirs, executors, administrators, successors and assigns, jointly, severally

and firmly by these presents.

THE CONDITION OF THIS OBLIGATION IS SUCH, That

WHEREAS, the above bounden Principal has applied for a cigarette tax license within the State of Utah, and that pursuant

to the application, a license has been or is about to be issued.

WHEREAS, a demand has been made upon the above bounden Principal by the Utah State Tax Commission

(“Commission”) for security for the payment of cigarette taxes.

NOW, THEREFORE, if the above bounden Principal shall comply with all the provisions of Title 59, Chapter 14, Utah Code

Ann. (1953, as amended), and in particular, pay all taxes, interest, and penalties when due, the Surety shall have no obliga-

tion to perform under this bond.

Upon failure of the Principal to comply with any or all of the provisions of Title 59, Chapter 14, Utah Code Ann. (1953, as

amended), and in particular on the Principal’s failure to pay all taxes, interest, and penalties promptly when due, and when

demanded by the Commission, the Commission may make demand upon the surety for the payment of the amount of the

unpaid taxes, interest, and penalties by the Principal up to, but not to exceed the amount of the Surety’s liability as defined

by this bond, and in addition any costs or attorney’s fees incurred in collecting the same from the Surety.

This bond does not limit the liability of the Principal under Title 59, Chapter 14, Utah Code Ann. (1953, as amended).

The Commission, through its authorized agents, reserves the right, at any time, to require a bond of greater amount than

this bond whenever the Commission deems it necessary to comply with the provisions of Title 59, Chapter 14, Utah Code

Ann. (1953, as amended).

This bond shall remain in continuous force and effect until terminated as hereinafter provided. The Surety may at any time

terminate this bond by giving 30 days written notice by certified mail to the Utah State Tax Commission, Attention: Taxpayer

Services Division Director, Utah State Tax Commission, 210 North 1950 West, Salt Lake City, Utah 84134. Notwithstanding

termination, this bond shall remain in effect for the liability that accrued or was incurred prior to the date of termination,

regardless of whether the liability was assessed, established, known, due, or demanded by the Commission prior to the

date of termination.

The provisions of this bond shall be interpreted in accordance with the laws of the State of Utah.

IN WITNESS WHEREOF, the parties have executed this bond at _ _ __ _ __ _ __

_________________ ___ __ ___ _ , this _____ day of __ _ __ _ __ _ , 20_ __ .

EFFECTIVE DATE:

By _ _ __ _ __ _ __ _ __ _ __ _ _

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Principal

_ _ __ _ __ _ __ _ __ _ __ _ _

Surety

____________________________________

By _ _ __ _ __ _ __ _ __ _ __ _ _

Countersignature of Resident Agent

Attorney in Fact

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Form Tc-763c.ai - Cigarette Tax Surety Bond

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