SC0040i (02/23/2012) FS
The effective date of this obligation is
with sixty (60) days notice in writing to Santee Cooper and the Principal. Such notice should be sent to Santee Cooper by Certified Mail
SURETY BOND FOR DEPOSIT
, the Principal, and
as Surety, are held and firmly bound unto the South Carolina Public Service Authority (Santee Cooper), as Obligee, in the sum of
Whereas, Santee Cooper requires advance payment of a surety bond in the amount stated above as security for unpaid bills; and
Therefore, it is agreed that if the Principal, or any successor, shall fail to pay promptly all charges due for electric service at the
above described businesses and locations, the Surety is bound and obligated to Santee Cooper for the amounts unpaid by the Principal,
not to exceed the amount of this Surety Bond. It is agreed that Santee Cooper reserves the right to terminate electric service if the
Principal fails to pay promptly.
Whereas, the Principal desires to furnish this surety bond in lieu of a cash deposit to guarantee payment;
addressed: Santee Cooper, Attn.
Whereas, the Principal, has requested that Santee Cooper furnish electric service to the following businesses at the following
locations. (Use a separate sheet marked Addendum to Surety Bond if necessary and note here: Addendum
. ,
Principal:
Surety:
Cancellation shall not affect any liability incurred or accrued under this Bond prior to the effective date of the cancellation.
,
Bond No.:
Dollars ( ), the payment for which we well and truly hereby
bind ourselves and our heirs, administrators, successors, and assigns, jointly and severally.
Yes No )
1. Account No.:
Name:
2. Account No.:
Name:
Amount: $
Address:
Amount: $
Address:
. This obligation continues indefinitely unless canceled by the Surety
Signed and sealed this day of
Name:
President:
Federal ID No:
Address:
Telephone:
(Print Name)
Title:
Attest:
Chief Financial Officer:
Account Nos.:
By:
Name:
President:
Federal ID No:
Address:
Telephone:
(Print Name)
Title:
Attest:
Chief Financial Officer:
By:
