C.M.R. 29, 250, Bureau of Motor Vehicles, ch. 11, app 250-11-A
BOND NUMBER:
KNOW ALL MEN BY THESE PRESENTS, That we__________________________________________
(Name of Motorcycle School)
of ______________________________________ and _________________________________________
(Motorcycle School Address) (Surety Company)
as surety authorized to do business in the State of Maine are held and firmly bound unto the Secretary of State, State of Maine to ensure faithful compliance with Chapter 11, Rules Governing Motorcycle Rider Education and the terms and conditions of the certificate issued there under. This bond has been undertaken by the principal in the amount of ten thousand ($10,000) for the payment of which we bind ourselves, our heirs, executors, administrators, successors and assigns, jointly and severally.
Whereas the above bounden Principal has made application to the Secretary of State, State of Maine, Bureau of Motor Vehicles, for certification to engage in business as a motorcycle rider education school in accordance with rules promulgated by the Secretary of State, and if so certified, said Principal is required to furnish a surety bond pursuant to Chapter 11, Rules Governing Motorcycle Rider Education.
Now, therefore, the condition of this Obligation is such that if the said Principal shall faithfully observe the provisions of the rules promulgated relating to the business of motorcycle rider education school obligation shall be null and void, otherwise to remain in full force and effect.
It is further understood and agreed that:
1. This bond shall run from the date it is signed and dated and shall continue in full force and effect for a minimum of one (1) year after motorcycle rider education school license expiration.
2. This bond may be canceled by the Surety at any time by giving thirty (30) days written notice by registered or certified mail to the Secretary of State.
Principal and Surety agree to be bound by the laws of the State of Maine as to the interpretation of this instrument.
Signed, sealed and dated the _______day of _______________, 20_____
__________________________________________ ____________________________________
Principal Surety Company
___________________________________
Address of Surety Company
BY:_______________________________________ BY:________________________________
Witness:___________________________________
There will be no fiscal impact to municipalities resulting from the adoption of these rules.
C.M.R. 29, 250, Bureau of Motor Vehicles, ch. 11, app 250-11-A