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Home My WebLink AboutA4786 - SALLY STEVENS MYSTIC DESERT PSYCHIC ACTIVITIES SURETY BOND 1 Sally Stevens dba Mystic Desert - Surety Bond AGREEMENT 786 10-7-03 as per MC5.56.100 Psvchic Activities_ Western Surety Com-p- -a--n-y--- _ r F DISHONESTY BOND (FOR ANY TYPE OF BUSINESS) Bond No. 69S 96367 In consideration of the agreed premium, Western Surety Company, a South Dakota corporation (the "Surety"), hereby agrees to indemnify Sally Stevens dba Mystic Desert ; 74426 ALLESSANDRO DR. , PALM DESERT, CA 92260 (the "Insured"), against any loss of money or other property which the Insured shall sustain or for which the Insured shall incur liability to any Customer or Subscriber of the Insured through any fraudulent or dishonest act or acts committed by any Employee or Employees of the Insured acting alone or in-Collusion with others, the amount of indemnity on -each of such Employees- being- --- - TWENTY-FIVE THOUSAND AND NO/100 DOLLARS ($ $25,000-00 ). THE FOREGOING AGREEMENT IS SUBJECT TO THE FOLLOWING CONDITIONS AND LIMITATIONS: TERM OF BOND: SECTION 1. The term of this bond begins with the 07 day of Octnber 2003 standard time at the address of the Insured above given, and ends at 12:00 o'clock night, standard time, on the effective date of the cancellation of this bond in its entirety. EXCLUSION: SECTION 2. This bond does not apply to loss, or to that part of any loss, as the case may be, the proof of which, either as to its factual existence or as to its amount, is dependent upon an inventory computation or a profit and loss computation. In addition, the policy does not apply to the defense of any legal proceedings brought against the Insured, or to fees, costs or expenses incurred or paid by the Insured in prosecuting or defending any legal proceedings whether or not such proceedings results or would result in a loss to the Insured covered by this policy. In addition, the Company shall not be liable for any costs, fees and other expenses incurred by the Insured in establishing the existence or the amount of loss covered under this policy. DISCOVERY PERIOD: SECTION 3. Loss is covered under this bond only (a) if sustained through any act or acts committed by any Employee of Insured while this bond is in force as to such Employee, and (b) if discovered prior to the expiration or sooner cancellation of this bond in its entirety as provided in Section 10, or from its cancellation or termination in its entirety in any other manner,whichever shall first happen. DEFINITION OF EMPLOYEE: SECTION 4. The word Employee or Employees, as used in this bond, shall be deemed to mean, respectively, one or more of the natural persons (except directors or trustees of the Insured, if a corporation, who are not also officers or employees thereof in some other capacity) while in the regular service of the Insured in the ordinary course of the Insured's business during the term of this bond, and whom the Insured compensates by salary, or wages and has the right to govern and direct in the performance of such service, and who are engaged in such service within any of the States of the United States of America, or within the District of Columbia, Puerto Rico, the Virgin Islands, or elsewhere for a limited period, but not to mean brokers, factors, commission merchants, consignees, contractors, or other agents or representatives of the same general character. FRAUDULENT OR DISHONEST ACT: SECTION 5, A FRAUDULENT OR DISHONEST ACT OF AN EMPLOYEE OF THE INSURED SHALL MEAN AN ACT WHICH IS PUNISHABLE UNDER THE CRIMINAL CODE IN THE JURISDICTION WITHIN WHICH ACT OCCURRED, FOR WHICH SAID EMPLOYEE IS TRIED AND CONVICTED BY A COURT OF PROPER JURISDICTION. R MERGER OR CONSOLIDATION: SECTION 6. If any natural persons shall be taken into the regular service of the Insured through merger or consolidation with some other concern, the Insured shall give the Surety written notice thereof and shall pay an y additional premium on any increase in the number of Employees covered under this bond as a result of such merger or consolidation computed pro rate from the date of such merger or consolidation to the end of the r current premium period. NON-ACCUMULATION OF LIABILITY: SECTION 7. Regardless of the number of years this bond shall continue in force and the number of premiums which shall be payable or paid, the liability of the Surety under this bond shall not be cumulative in amounts from year to year or from period to period. r Form 1432-10-2002 Western Surety Company DISHONESTY BOND RIDER - SOLE PROPRIETOR OR PARTNERSHIP The following provision is hereby added to the bond: In the event that the Insured's Customer or Subscriber shall sustain a loss by reason of the fraudulent or dishonest act or acts (as defined in the section entitled Fraudulent or Dishonest Act) committed by the Insured or any partner of Insured, if a partnership, then and only then, the Insured shall be considered an Employee and the Customer or Subscriber an additional Insured, subject to all terms and conditions hereof. Nothing herein contained shall be held to vary, alter, waive or extend any of the terms, limits or conditions of the bond except as hereinabove set forth. This Rider becomes effective on the 07 day of October 2003 at 12:00 o'clock night, standard time. Attached to and forming part of bond No. 69596367-, issued by WESTERN SURETY COMPANY OF SIOUX FALLS, SOUTH DAKOTA, to Sally Stevens dba Mystic Desert Signed this OS day of October 2003 a°`;1�61¢a�liY3�y993, d VA WESTERN SURETY COMPANY .fin • 2722�/� - o�iy�'.4 � By Paul T. Bruflat, Sen' r Vice President Form 1514-10-2002