Bond Form L9 PDF Details

In a complex regulatory landscape such as the one overseeing the dispensation and oversight of liquor licenses in New York, the Bond Form L-9 carries significant importance. Issued on June 3, 1974, by the New York State Liquor Authority, this legally binding document assists in upholding the integrity of the Alcoholic Beverage Control Law by ensuring that applicants for a liquor license or permit are financially accountable for any violations of said law or related regulations. The form outlines a contractual agreement between the applicant, the surety company approved by the Superintendent of Insurance of New York State, and the People of the State of New York, establishing a penal sum plus potential costs as a financial safeguard. This obligation compels the licensee to adhere strictly to the regulations under penalty of financial consequences thereby ensuring public welfare and adherence to law. The document further elaborates on the conditions under which this bond remains effective, detailing scenarios such as revocation, cancellation, or suspension of the license, and setting forth the parameters for claims and actions related to the bond. Moreover, specific stipulations regarding the bond's admissibility in court proceedings without further proof of its execution, and the presumption of its validity, underscore the document's legal rigor and its critical role in the regulatory framework governing New York's alcoholic beverage industry. Through these measures, the Bond Form L-9 not only underscores the financial responsibilities of the licensees but also upholds the legal and regulatory standards set forth by the State Liquor Authority, thus playing a crucial role in maintaining public trust and safety in the realm of alcoholic beverage control.

QuestionAnswer
Form NameBond Form L9
Form Length1 pages
Fillable?No
Fillable fields0
Avg. time to fill out15 sec
Other namesl9 bond form, form l 9 bond, ny form l, bond form l9

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-5

Bond Form L-9 Prescribed by the New York State Liquor Authority June 3, 1974

BOND IN SUPPORT OF APPLICATION FOR LICENSE OR PERMIT UNDER THE NEW YORK ALCOHOLIC BEVERAGE CONTROL LAW

Application Number

Bond Number

This bond expires in

 

Penal Sum of Bond

 

 

 

 

 

$

Plus Costs

KNOW ALL MEN BY THESE PRESENTS, that we

 

 

 

 

Name of Applicant

 

Address of Place of Business

 

 

 

 

of

 

 

In the county of ___________________________________________________, State of _________________________________, as Principal, and

 

Name of Insurance Company

 

Address of Office or usual place of business

 

 

 

 

 

 

 

 

a surety company approved by the Superintendent of Insurance of New York State as to solvency and responsibility and authorized to transact business in New York State, as Surety, are held and firmly bound unto the People of the State of New York in the penal sum set forth above and for the payment of any costs taxed or allowed in any action or proceeding to the extent of _______________for the payment of which sum or sums, well and truly to be made, we, the said principal and surety, bind ourselves, successors, and

assigns, respectively, jointly and severally, firmly by these presents.

WHEREAS, the above bounden principal is making application to the New York State Liquor Authority, for a license or permit under the Alcoholic Beverage Control Law and the said State Liquor Authority, by Part 81 of Subtitle B of Title 9 of the Official Compilation of the Codes, Rules and Regulations of the State of New York (Rule 9 of the Rules of the Authority), having required the principal to file with it a bond to the People of the State of New York, as provided in said Law aforesaid,

NOW, THEREFORE, the conditions of this obligation are such that if the said license or permit applied for, which expires on the date designated in said license or permit, is granted to the said principal and the principal will not, during the license or permit period, suffer or permit any violation of the provisions of the Alcoholic Beverage Control Law, or of any of the rules now or hereafter issued by said State Liquor Authority, or give cause, as provided in the Alcoholic Beverage Control Law or Part 53 of Subtitle B of Title 9 of the Official Compilation of the Codes, Rules and Regulations of the State of New York (Rule 36 of the Rules of the State Liquor Authority), for the cancellation, revocation or suspension of said license or permit or the issuance of an order or warning, and will pay all fines and penalties which shall accrue thereunder, together with all costs taxed or allowed in any action or proceeding brought or instituted for a violation of any of the provisions of said Alcoholic Beverage Control Law, or of any of the rules now or hereafter issued by said State Liquor Authority, or for cause for the cancellation, revocation or suspension or issuance of order of warning as provided in the Alcoholic Beverage Control Law or Rules of the Authority, or costs taxed or allowed in any review pursuant to Section 121 of the Alcoholic Beverage Control Law; then this obligation shall be void; otherwise to remain in full force and effect; subject, however, to the following conditions:

1.An action for the breach of any condition of this bond may be maintained without previous conviction or prosecution for the violation of any provision of said Alcoholic Beverage Control Law, or of any of the rules now or hereafter issued by the State Liquor Authority, or for cause as provided by the Alcoholic Beverage Control Law or Part 53 of Subtitle B of Title 9 of the Official Compilation of the Codes, Rules and Regulations of the State of New York (Rule 36 of the Rules of the Authority).

2.The aggregate liability of the surety on account of any defaults hereunder shall in no event exceed the penal sum of this bond plus costs taxed or allowed in any action or proceeding to the extent of ________________________.

3.Upon the payment of any loss arising under this bond, the surety shall be subrogated to the rights and remedies of the obligee against the principal to recover from the principal any amount so paid.

4.Any action brought for the penal sum of this bond shall be commenced within twenty-four months after the expiration of the license or permit period aforementioned, or for costs within one year after final disposition of any action or proceeding. In the event of the institution of any action or proceeding to review the Authority’s determination, the period of 24 months shall not commence until the final determination of the proceeding or litigation.

5.This bond shall be effective during the time the aforementioned license or permit shall be in effect and during any extension thereof.

6.A breach of any condition of this bond shall be deemed to have been established by the revocation, cancellation or suspension of the aforesaid license or permit or the issuance of an order of warning by the State Liquor Authority unless said revocation, cancellation, suspension or order of warning shall have been reversed or annulled by a Court of competent jurisdiction.

7.In any action or proceeding to recover on this bond, the principal and the company named herein as Surety waive any defense based upon any defect in the bond, including, but not limited to, an erroneous, improper or defective insertion or omission to insert or apparent alteration of the expiration year and/or amount of the penal sum of the bond and further waive any objection that the bond bears a printed, typewritten or facsimile signature. Any bond filed with the State Liquor Authority shall be admissible in evidence in any court on application of the State Liquor Authority or People of the State of New York without the further proof of due execution thereof by or on behalf of the principal and surety and shall be conclusively presumed to have been duly executed by and on behalf of the principal and surety. Any bond filed with the State Liquor Authority and bearing the printed or facsimile name of the surety or the typewritten or facsimile signature of its representative shall be conclusively presumed to be the duly issued bond of the surety company and binding on it, its successors and assigns for the amount specified in Part 81 of Subtitle B of Title 9 of the Official Compilation of Codes, Rules and Regulations of the State of New York (Rule 9 of the Rules of the State Liquor Authority).

IN WITNESS WHEREOF the parties hereto have caused these presents to be signed and sealed this ____________ day of _______________________________________

Name of issuing agency _____________________________________________________ Address __________________________________________________________

 

Phone # __________________________________________________________

_____________________________________________________________________L.S.

__________________________________________________________

Principal (Applicant/Licensee)

Surety

BY: __________________________________________________________________

BY: _________________________________________________________ L.S.

 

Attorney-in-fact

Form L-9 (01/02) Website file