Illinois Administrative Code › Title 8 - AGRICULTURE AND ANIMALS › Part 900 - LIVESTOCK MANAGEMENT FACILITY REGULATIONS › Appendix A - Surety Instruments › ILLUSTRATION A - Surety Bond

Current through Register Vol. 48, No. 28, July 12, 2024
SURETY BOND
Date bond executed:
				  ______________________________________________________
Effective date:
				  ___________________________________________________________
Principal:
				  _______________________________________________________________
Type of organization:
				  ______________________________________________________
State of incorporation:
				  _____________________________________________________
Surety
				  _________________________________________________________________
Sites:
				  __________________________________________________________________
Name:
				  _________________________________________________________________
Address:
				  _______________________________________________________________
City:
				  __________________________________________________________________
Amount guaranteed by this bond: $
				  ___________________________________________
Name:
				  _________________________________________________________________
Address:
				  _______________________________________________________________
City:
				  ___________________________________________________________________
Amount guaranteed by this bond: $
				  ____________________________________________
Please attach a separate page if more space is needed for all
				  sites.
Total penal sum of bond $
				  ___________________________________________________
Surety's bond number:
				  ______________________________________________________
The Principal and the Surety promise to pay the Illinois
				  Department of Agriculture ("Department") the above penal sum unless the
				  Principal provides closure for each site in accordance with
				  510 ILCS 77/15(e) and
				  35 Ill. Adm. Code
				  900.608. To the
				  payment of this obligation the Principal and Surety jointly and severally bind
				  themselves, their heirs, executors, administrators, successors and
				  assigns.
Whereas the Principal is required, under Section 15(b) of the
				  Livestock Management Facilities Act ("LMFA") to register at least one livestock
				  waste lagoon with the Department; and
Whereas the Principal is required, under Section 17 of the
				  LMFA to evidence financial responsibility for closure of each registered
				  lagoon; and
Whereas the Surety is licensed by the Illinois Department of
				  Insurance; and
Whereas the Principal and Surety agree that this bond shall
				  be governed by the laws of the State of Illinois; The Surety shall pay the
				  penal sum to the Department if, during the term of the bond, the Department
				  issues a notice of liability to the Surety.
The Surety shall pay the penal sum of the bond to the
				  Department within 30 days after the Department mails the notice of liability to
				  the Surety unless the Surety assumes responsibility to provide closure and so
				  notifies the Department. Payment shall be made by deposit of funds into a
				  designated account upon which the Department is authorized to draw.
The liability of the Surety shall not be discharged by any
				  payment or succession of payments unless and until such payment or payments
				  shall amount in the aggregate to the penal sum of the bond. In no event shall
				  the obligation of the Surety exceed the amount of the penal sum. If the Surety
				  assumes responsibility to provide closure, expenditures made by the Surety for
				  that purpose may exceed the amount of the penal sum, but the amount of the
				  Surety's obligation under this bond is not affected.
This bond shall expire on the ____________ day of
				  ____________________, ___________.
The Principal may terminate this bond by sending written
				  notice to the Surety; provided, however, that no such notice shall become
				  effective until the Surety receives written authorization for termination of
				  the bond from the Department.
In Witness Whereof, the Principal and Surety have executed
				  this Surety Bond and have affixed their seals on the date set forth above. The
				  persons whose signatures appear below certify that they are authorized to
				  execute this surety bond on behalf of the Principal and Surety.
PRINCIPAL
Signature Name
				  ___________________________________________________________________________
Typed Name
				  ______________________________________________________________________________
Address
				  __________________________________________________________________________________
Title
				  _____________________________________________________________________________________
State of Incorporation
				  ________________________________________________________________________
Date
				  _____________________________________________________________________________________
Corporate seal
CORPORATE SURETY
				  _______________________________________________________________________
Signature
				  _________________________________________________________________________________
Typed Name
				  _______________________________________________________________________________
Title
				  ______________________________________________________________________________________
Corporate seal
Bond premium: $
				  ____________________________________________________________________________