C.M.R. 29, 250, Bureau of Motor Vehicles, ch. 110, app 250-110-D
BOND NO. ________________
KNOW ALL MEN BY THESE PRESENTS THAT WE,
______________________________________________________________________________________ of __________________________________________________________________________ as Principal, and _______________________________________, a _______________________ corporation with its principal office at ______________________________________________, as Surety, are held and firmly bound unto ______________________________________________________________________________, as Obligee, in the sum of ______________________________________________________($____________________), for thepayment of which sum, well and truly to be made, we bind ourselves, our personal representatives, successors and assigns, jointly and severally, firmly by these presents.
Whereas the Principal has obtained, or shall obtain, a license or permit from the Obligee to act as a Maine BMV Registration Agent. This bond is effective beginning .
NOW, THEREFORE, if Principal shall faithfully observe and comply with all terms of the underlying license or permit, and all Ordinances, Rules and Regulations, and any Amendments thereto, applicable to the obligation of this bond, then this obligation shall become void and of no effect, otherwise to be and remain in full force and virtue.
The Surety may, if it shall so elect, cancel this bond by giving thirty (30) days written notice to the Obligee and the bond shall be deemed canceled at the expiration of said period; the Surety remaining liable, however subject to all the terms, conditions and provisions of this bond, for any act or acts covered which may have been committed by the Principal up to the date of such cancellation.
PROVIDED, HOWEVER, that this bond may be continued from year to year by certificate executed by the Surety hereon. Regardless of the number of years or terms this bond remains in effect, and regardless of the number and amount of claims that may be made, the maximum aggregate liability of the Surety is limited to the penal sum of the bond.
SIGNED, SEALED AND DATED on this _______ day of ____________________, _______.
_______________________________________________
By_______________________________________________
_______________________________________________
By_______________________________________________
Attorney-in-Fact
C.M.R. 29, 250, Bureau of Motor Vehicles, ch. 110, app 250-110-D