Pennsylvania Code › Title 49 - PROFESSIONAL AND VOCATIONAL STANDARDS › Part I - DEPARTMENT OF STATE › Subpart A - PROFESSIONAL AND OCCUPATIONAL AFFAIRS › Chapter 3 - STATE BOARD OF BARBER EXAMINERS › SCHOOLS OF BARBERING › Section 3.83 - Bond

Current through Register Vol. 54, No. 28, July 13, 2024
(a) A bond,
					 corporate or noncorporate, running to the Commonwealth subject to approval by
					 the Board shall be posted as security for the sums taken on account from the
					 students or prospective students of the school, in the amount of a minimum of
					 $2,500 to a maximum of $5,000 based on a scale of $2,500 for up to 60 students
					 and $5,000 for more than 60 students. No school shall accept any money on
					 account unless it has first procured a bond in accordance with the provisions
					 of this section.
(b) No barber
					 school license will be renewed until a bond is submitted and approved by the
					 Board.
(c) The following is the
					 suggested bond form:
PENNSYLVANIA STATE BOARD OF BARBER EXAMINERSBOND OF
						BARBER SCHOOL
KNOW ALL MEN BY THESE PRESENTS, THAT ____________
						operating as ____________ (Corporation, partnership, or individual)
						____________ of ____________ (City), ____________ (State), as principal, and
						___ of ____________ (City), ____________ (State), surety company authorized to
						transact business in Pennsylvania, as surety, are held and firmly bound unto
						the People of the Commonwealth of Pennsylvania, for the use and benefit of
						students of the principal, in the penal sum of ____________ dollars ($ ___),
						lawful money of the United States of America, to be paid to the People of the
						Commonwealth of Pennsylvania for the benefit of students of the principal, for
						which payment well and truly to be made, we bind ourselves and our heirs,
						executors, administrators, and successors jointly and severally, firmly by
						these presents.
WHEREAS, 49 Pa. Code §
												3.83 (relating to bond) provides
						that a bond, corporate or noncorporate, in the sum of $ ____________ running to
						the Commonwealth of Pennsylvania subject to approval by the Board which shall
						be posted as security for the sums taken on account from students or
						prospective students of the school. No school shall accept any money on account
						unless it has first procured a bond in accordance with the provisions of this
						regulation.
NOW THEREFORE, the condition of this obligation is such
						that if the said ___ shall faithfully perform and satisfy the contractual
						rights of any and all students of said ___ , then this obligation shall be
						void; otherwise the same shall be in full force and effect.
IT IS UNDERSTOOD AND AGREED THAT in no event shall the
						surety be liable for an amount exceeding the penalty of this bond.
IN WITNESS WHEREOF, the parties hereto have hereunto set
						their hands and affixed their seals this ____________ day of____________, 19
						____________ . This bond becomes effective ___ and expires ___.
______________________________________
Principal
By ______________________________________
______________________________________
Surety
By ______________________________________
Attorney-in-fact
(d) In case principal is a partnership, then
					 a certified copy of partnership certificate shall be attached. In case
					 principal is a corporation, authority of officer signing bond for company shall
					 be attached. Power of Attorney-in-fact for surety company shall also be
					 enclosed.