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50152

BONDING OF AGENT OFFICERS

1. Post supply officers at posts where there is no disbursing officer, commanding officers of posts where there are neither disbursing nor supply officers, recruiting officers, and others who are required to advance cash for subsistence, lodging, transfers in connection with transportation, and minor repairs to motor vehicles on the road under power will secure such cash on requisition from the disbursing office of the supply department carrying the pay accounts of the post or station concerned, and will act as agents of such disbursing officers. All such officers acting as agents of disbursing officers will give bond in the sum of $2,000. Where the size of the agent's fund justifies, the disbursing officer concerned may require that the bond be increased to an amount not in excess of $10,000.

50153

PROCEDURE FOR BONDING

1. An individual required to be bonded will submit to the Commandant of the Marine Corps (Code CDA) a request for bond application, via the disbursing officer or supply officer whom he represents, if applicable. The individual may state in his request the surety company he prefers. If no surety is selected by the applicant, the Commandant of the Marine Corps will select one of the approved corporate sureties.

2. An application blank (original only) of the surety company selected and a partially executed Official Bond, in duplicate, will be furnished the applicant. The application blank must be executed in full by the applicant. A check or money order made payable to the surety, to cover payment of the first year's premium must be attached to the application blank.

3. The Official Bond will be legibly signed in duplicate by the principal. Two witnesses are required as to the principal's signature; the signature and the address of each witness must be legible.

4. A disbursing officer or a deputy of a disbursing officer will be furnished three signature cards for completion in his own handwriting. The signature indicated on the signature cards as the officer's official signature must correspond with his signature on the Official Bond. The signature on the Official Bond is the official

signature and must be used in signing Treasury checks, in endorsing for deposit checks received and in signing the Account Current and other official documents.

5. When an officer being bonded is also being appointed as a deputy to a disbursing officer, a partially executed Power of Attorney, in duplicate, will be furnished the disbursing officer. The original and duplicate Power of Attorney will be legibly signed by the principal.

6. All papers required by subparagraphs 2, 3, 4, and 5 will be forwarded to the Commandant of the Marine Corps Code (Code CDA).

50154

SURETIES

1. A bond on which the sureties are individuals must be signed by not less than two sureties, at least one of whom must qualify in a sum, over and above all exemptions, debts, and legal liabilities, not less than the full amount of the bond: if there are but two sureties, the second must also qualify in like amount; or in lieu of a second surety for the whole amount, two or more individuals will be accepted, provided the aggregate amount for which they qualify be not less than the full amount of the bond. Each surety must make affidavit stating the value of his or her property over and above all exemptions, debts, and legal liabilities. The affidavit must also contain the place of resident of the surety. In case a married woman should be offered as surety, an additional certificate will be required to the effect that such surety holds the property in her own right, and is competent under the laws of the State in which she resides to bind herself as surety in such case. The sufficiency of the sureties must be certified to by a judge or clerk of a United States court or by a United States attorney, preferably for the district in which such sureties reside. Where the sureties are individuals, an affidavit of surety on the prescribed Treasury Department form must be submitted at the end of 2 years.

2. Under the provisions of title 6 U. S. C. 6–8, a surety or guarantee company, duly certified by the Secretary of the Treasury as having complied with the requirements of said Act, and by him authorized to do business thereunder, and having a duly appointed agent in the District of Columbia, will be accepted as sole surety

PART F: INSPECTION OF SUPPLY ACTIVITIES BY AUDIT AND INVENTORY

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