04-23-1997 Council Agenda - Laserfiche WebLink

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The Ohio Casualty Insurance Company 136 North Third Street, Hamilton, Ohio 45025 BOND 3- 351 -458 KNOW ALL MEN BY THESE PRESENTS: That we EMPR Corporation DBA: Lincoln Pawn and Jewelry of 2750 Ri, ce.. S. txee,t,.. L.i.t.t1a..Canada.,..MN....5.510 (hereinafter called the Principal) as Principal, and THE OHIO CASUALTY INSURANCE COMPANY, an Ohio corporation with principal offices at Hamilton, Ohio (hereinafter called the Surety) as Surety, are held and firmly bound unto ..PitY....c.f..L.i.tt1e..CaAada (hereinafter called the Obligee), in the penal sum of Five Thousand and no /100's ($...5,.0.0.0..O0 ) Dollars, for the payment of which well and truly to be made we do hereby bind ourselves, our heirs, executors, administrators, successors and assigns, jointly and severally, firmly by these presents. SIGNED AND SEALED this 8th day of April 19 97 WHEREAS, the said Principal has made or is about to make application to said Obligee for [a license as t Pawnbroker a permit to 1 for a term beginning on April 8, 1997 *and ending on...Apr.il..8., 1,995 • (Strike out if license or permit k issued for indefinite term) NOW, THEREFORE, If the Principal shall indemnify the Obligee against any loss directly arising by reason of the failure of said Principal to comply with the laws or ordinances under which such license or permit is granted, or any lawful rules or regulations pertaining thereto, then this obligation shall be void; otherwise to be remain in full force and effect. PROVIDED, HOWEVER, AND UPON THE FOLLOWING EXPRESS CONDITIONS: I. This bond shall be and remain in full force during the term of said license or permit unless cancelled in accordance with paragraph 2 below; but if said license or permit was issued for a specific term, and is renewed for one or more specific terms, this bond will be extended to cover such additional term(s) upon the execution, by the Surety, of a continuation Certificate, provided such certificate is acceptable to the Obligee. In no event, however, shall the liability of the Surety be cumulative from year to year or from period to period, nor exceed the penal sum written in the first paragraph of this bond. 2. The Surety shall have the right to terminate its liability hereunder by notifying in writing City. ..of.. Little ...C.an.ada (Give name and address of department of official to whom notice should be addressed) 515 East Little Canada Road, Little Canada, MN 55117 ten (10) days in advance of its intention so to do. S -3853c — License or Permit Bond E 011I0 CA TY INSURANCE COMPANY Harold T. Rushton Page 20 Attorney'in -fact.