BOND NO. ____________

UNITED STATES DEPARTMENT OF AGRICULTURE

PERISHABLE AGRICULTURAL COMMODITIES ACT, 1930, as amended

(7 U.S.C. 499a et seq.)

______________________________________________________________________________

LICENSEE’S EMPLOYMENT BOND UNDER SECTION 8(b)

KNOW ALL MEN BY THESE PRESENTS, that (I), (we), ________________(name of 

licensee 1/) of the City of ______________, State of __________________, licensed under the 

Perishable Agricultural Commodities Act, 1930, as amended ( 7 U.S.C. 449a et seq.), hereinafter 

referred to as Principal, desiring to employ ___________________, in our business of handling 

perishable agricultural commodities in interstate or foreign commerce, and 

___________________ (name of surety), duly incorporated under the laws of the State of 

__________________, of the United States of America and having its head office in the City of 

______________, State of __________________, as surety, are held and firmly bound unto the 

United States of America, the Secretary of Agriculture of the United States, and every creditor of 

said Principal to whom a reparation order is issued under the Perishable Agricultural 

Commodities Act, 1930, as amended, against said Principal in favor of said creditor(s), in the 

penal sum of _______________ Dollars ($_______________ ), for the payment of which, well 

and truly to be made, we bind ourselves and our heirs, executors, administrators, successors, and 

assigns, jointly and severally, firmly by these presents.

The conditions of this obligation are such that,

WHEREAS, ______________________, has applied to the Principal for employment and the 

Principal desires to engage the services of said individual; and

WHEREAS, the Principal has agreed, and does hereby agree, as a condition to receiving 

authority from the Secretary of Agriculture to employ the aforementioned individual, to comply 

with and abide by the terms of the said Perishable Agricultural Commodities Act and the 

regulations promulgated thereunder, and that said Principal will pay all reparation orders which 

may be issued against said Principal in connection with transactions occurring within four (4) 

years following the approval of employment, subject to his right of appeal under section 7(c) of 

said Act;

NOW, THEREFORE, if employment of the aforementioned individual is approved and the said 

Principal shall faithfully perform all of his obligations under the Perishable Agricultural 

Commodities Act and the regulations thereunder, then this obligation shall be null and void and 

of no effect, otherwise to be and remain in full force and virtue.

Suit on this bond may be maintained in any Court of competent jurisdiction by the United States 

of America, the Secretary of Agriculture of the United States, or any creditor of said Principal to 

whom a reparation order is issued under said Act against said Principal in favor of said creditor 

in connection with transactions occurring within four (4) years following the approval of 
employment of the aforementioned individual, subject to his right of appeal under section 7(c) of 

said Act.

It is expressly understood and agreed that the liability of the surety under this bond shall not 

exceed in the aggregate the sum of _______________ Dollars ($_______________ ), and if two 

or more such reparation orders exceed the sum, such sum shall be prorated among such 

reparation award holders.

This bond is not subject to cancellation without the expressed approval of the Secretary of 

Agriculture.

IN WITNESS WHEREOF, the said principal and surety have executed this instrument on the 

_____ day of __________, 20__, and have caused their respective seals to be hereunto affixed.

_________________________________

Principal Firm

BY

(SEAL) _________________________________

Signature

_________________________________ 

Witness to signature and seal of principal: Print Name

_____________________________ _________________________________

Signature Title

_____________________________ _________________________________

Name of Witness Firms Address

_________________________________

Name of Surety Firm

 BY

__________________________________

State Resident Agent

(SEAL) 

_________________________________

Address of Surety Company

Witness to signature and seal of surety: 

_______________________________

Signature

_______________________________

Name of Witness

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