CLASS C NON-COMMERCIAL THIRD PARTY DRIVE TEST PROGRAM BOND
BOND NUMBER
CLASS C NON-COMMERCIAL THIRD PARTY DRIVE TEST PROGRAM BOND
LET IT BE KNOWN: THAT
(INDIVIDUAL NAME OF OWNER, ALL PARTNERS OR MEMBERS, OR NAME OF CORPORATION)
DOING BUSINESS AS
(BUSINESS NAME AS GIVEN ON THE AGREEMENT)
HAVING ITS PRINCIPAL PLACE OF BUSINESS AT
(STREET ADDRESS, CITY, STATE, ZIP CODE)
WITH ADDITIONAL PLACES OF BUSINESS AT
(STREET ADDRESS, CITY, STATE, ZIP CODE)
AS PRINCIPAL(S), AND
(ADDRESS, CITY, STATE, ZIP CODE)
(STREET ADDRESS, CITY, STATE, ZIP CODE)
(SURETY NAME)
(
)
(TELEPHONE NUMBER)
A CORPORATION ORGANIZED AND EXISTING UNDER AND BY VIRTUE OF THE LAWS OF THE STATE OF
, AND AUTHORIZED
TO TRANSACT A SURETY BUSINESS IN THE STATE OF OREGON, AS SURETY, ARE HELD AND FIRMLY BOUND TO THE STATE OF OREGON IN
THE PENAL SUM OF $2,500 (TWO THOUSAND FIVE HUNDRED DOLLARS) FOR EACH YEAR THE CERTIFICATE IS VALID, FOR THE PAYMENT OF
WHICH THE PRINCIPAL AND SURETY JOINTLY AND SEVERALLY BIND THEMSELVES THEIR RESPECTIVE SUCCESSORS, AND ASSIGNS.
WHEREAS, THE PRINCIPAL IS ENTERING INTO AN AGREEMENT WITH, OR HAS ENTERED INTO AN AGREEMENT WITH, THE OREGON DEPARTMENT OF TRANSPORTATION TO ADMINISTER CLASS C DRIVER LICENSE THIRD PARTY DRIVE TESTS UNDER ORS 802.600 AND THE IMPLEMENTING ADMINISTRATIVE RULES;
AND WHEREAS, THE PRINCIPAL IS REQUIRED BY THE OREGON DEPARTMENT OF TRANSPORTATION TO SUBMIT AND MAINTAIN A PROPERLY EXECUTED SURETY BOND, CONDITIONED AS SET FORTH HERE;
THIS OBLIGATION IS CONDITIONED SUCH THAT:
WHEN THE PRINCIPAL IS AUTHORIZED BY THE OREGON DEPARTMENT OF TRANSPORTATION TO ADMINISTER CLASS C DRIVER LICENSE DRIVE TESTING, THE SURETY AGREES THAT ANY PERSON, INCLUDING THE OREGON DEPARTMENT OF TRANSPORTATION, SHALL HAVE A RIGHT OF ACTION AGAINST THE SURETY ON THE PRINCIPAL'S BOND TO PAY FOR RETESTING A DRIVER IF THE PERSON SUFFERS ANY LOSS OR DAMAGE BY REASON OF IMPROPER TESTING ACTIVITY BY THE PRINCIPAL OR ONE OR MORE OF ITS EXAMINERS IN RELATION TO ADMINISTERING DRIVE TESTS TO APPLICANTS FOR CLASS C DRIVING PRIVILEGES UNDER THE PROVISIONS OF THE OREGON VEHICLE CODE, IMPLEMENTING ADMINISTRATIVE RULES (OAR CHAPTER 735, DIVISION 61), OR THE CLASS C NON-COMMERCIAL THIRD PARTY DRIVE TEST CONTRACT.
THIS BOND SHALL BECOME EFFECTIVE AS OF THE DATE THE PRINCIPAL HAS ENTERED INTO AN AGREEMENT WITH THE OREGON DEPARTMENT OF TRANSPORTATION TO ADMINISTER CLASS C DRIVER LICENSE DRIVE TESTS. THIS BOND SHALL BE DEEMED CONTINUOUS IN FORM AND REMAIN IN EFFECT FOR THE ENTIRE PERIOD FOR WHICH THE AGREEMENT IS IN EFFECT, AND FOR EACH SUCCEEDING RENEWAL PERIOD OF THE AGREEMENT, UNTIL DEPLETED BY CLAIMS PAID, UNLESS THE SURETY SOONER CANCELS THE BOND. THIS BOND MAY BE CANCELED BY THE SURETY BY GIVING 30 DAYS' WRITTEN NOTICE OF SUCH CANCELLATION TO THE DRIVER AND MOTOR VEHICLE SERVICES DIVISION OF THE OREGON DEPARTMENT OF TRANSPORTATION, AS DESCRIBED IN ORS 742.366.
THIS BOND TO BE EFFECTIVE ON THE _____________ DAY OF ______________ , ____________
(DAY)
(MONTH)
(YEAR)
-- ANY ALTERATION VOIDS THIS BOND --
IN WITNESS WHEREOF, THE SAID PRINCIPAL(S) AND SAID SURETY HAVE EACH EXECUTED THIS BOND BY ITS AUTHORIZED
REPRESENTATIVE(S) AND THE SURETY HAS AFFIXED THE SURETY CORPORATE SEAL HEREUNTO
THIS ________________ DAY OF ___________________________________ , ___________ .
(DAY)
(MONTH)
(YEAR)
SIGNATURE (OWNER/PARTNER/MEMBER OR CORPORATE OFFICER)
TITLE
X
SIGNATURE OF SURETY (AUTHORIZED REPRESENTATIVE)
TITLE
X
SURETY'S AGENT OR REPRESENTATIVE MUST COMPLETE THIS SECTION:
PLACE SURETY SEAL BELOW
IN THE EVENT A PROBLEM ARISES CONCERNING THIS BOND, CONTACT:
NAME
TELEPHONE NUMBER
( )
ADDRESS
CITY, STATE, ZIP CODE
735-6773 (4-18)
APPROVED BY ATTORNEY GENERAL'S OFFICE
................
................
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