Sued by Marine cisco,

equip.

stock

eserve

ainte-y bul.

RD

arding

lity of

ge and

d se

eem

Force

It is

s for

letins

50150 BONDING OF OFFICERS

1. Officers who are appointed as accountable for public funds or public property, or who are intrusted with the duty of disbursing or handling public funds, shall, prior to entering upon the duties of their respective offices, give bond with sufficient surety for the faithful performance of their duties. The giving of bond by an officer employed as a special agent for the disbursing of public funds may be waived at the discretion of the Commandant of the Marine Corps.

2. Unless otherwise directed by the Commandant of the Marine Corps, officers who are not accountable for either public funds or public property, or who are not performing duties involving the disbursement or handling of public funds, are not required to give bond. When pursuant to the provisions of paragraph 54057 a civilian employee is appointed as responsible property custodian for an operating department, he will be required to give bond in the sum of $10,000.

3. When required, the bonds of commissioned officers (permanent or temporary), other than those performing functions as imprest fund cashiers, will be in the sum of $10,000, and the bonds of commissioned war rant officers (permanent or temporary), other than those performing functions as imprest fund cashiers, will be in the sum of $5,000. Individuals designated as imprest fund cashiers will be required to carry bond in the penal sum of $2,000, or in an amount which is not less than the sum which may be authorized the imprest fund cashier in accordance with current regulations, whichever amount is greater. Personnel who are bonded in accordance with the instructions outlined in this part will not require additional bonds to serve as imprest fund cashiers.

4. The term ''officer(s)'' as used in subparagraphs 1, 2, and 3 above shall be construed to mean commissioned officers serving under permanent assignments or temporary details for supply duty, and, commissioned officers, commissioned warrant officers or warrant officers appointed as officers accountable for public funds or public property. However, it is not intended that commissioned officers, commissioned warrant officers, and warrant officers assigned to duties involving fiscal accounting or depot stores accounting be bonded unless they also handle public funds. Officers accountable for public property solely by virtue of their office, such as commanding officers

50151

1. A disbursing officer or an officer accountable for public property may appoint as a collection agent an officer, enlisted person, or a civilian employee to receive and account for collections, to make refunds and special deposits, and to effect change transactions. The disbursing or accountable officer making the designation will state in writing to the collection agent the authroity delegated and the specific duties to be performed. The disbursing or accountable officer will exercise care to assure himself that the person being considered for appointment an agent is trustworthy and capable of assuming the responsibilities of the office and will maintain strict control over the functions of the collection agent by frequent examination and verification of the agent's records and funds to insure compliance with regulations.

as

By

J. A. Hancock, Disbursing Officer.

Collecting Agent.

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 (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 prescirbed Treasury Department form must be submitted at the end of 2 years.

as

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 sole surety on a bond. A duly qualified corporate surety company (company holding a certificate of authority from the Secretary of the Treasury as acceptable surety on Federal bonds) is preferred by the Treasury Department. However, no officer or person having the approval of any bond shall exact that it shall be furnished by a guarantee or by any particular guarantee company. (See 14 Comp. Gen. 618)

company,

3. The wife of a principal will not be accepted as surety on a bond.

50156

bond required by law or otherwise of any officer or employee of the United States. Accordingly, the premiums on bonds must be paid by the bonded individual. Each bonded person, whether or not a statement of premiums due has been received from the surety company, will forward, at least 30 days prior to the anniversary date of his bond, the amount of such premium to his surety company or agent and, at the same time, request that a receipt in duplicate be furnished. The duplicate of the receipt will be forwarded to