NATIONAL FOREST MANUAL TIMBER SALES. 



25 



Amount of bonds. 



be increased. 



When, because of special conditions, a larger bond 

 is advisable the amounts given in the table should 



Form. 



Form 377 will be used. The bond will follow the contract abso- 

 lutely in its reference to the purchaser, the descrip- 

 tion of the timber, and the terms of the sale. It is 

 essential that the date of the execution of the contract appear in the 

 bond and that the bond be approved on the same date as the contract. 

 The original only will be executed and will be filed with the original 

 of the contract. 



Under authority of the acts of August 13, 1894, and March 23, 

 1910, the Treasury Department issues lists of surety 



Sureties on bonds. J.T * i .r - IIJ.J.T 



companies authorized to act as surety on bonds to the 

 United States. Only the surety companies on these lists, copies 

 of which will be furnished to district foresters, may be accepted. 

 While surety companies rather than individuals are preferred, pur- 

 chasers can not be required to furnish corporate surety. The Treas- 

 ury Department determines the responsibility of the surety companies 

 in the lists, but it is extremely important that the responsibility of 

 individual sureties be established and made a matter of record. If 

 the purchaser is a corporation or a copartnership, sureties other than 

 its officers, stockholders, or partners will be secured. 



The responsibility of individual sureties should be established by 

 the signing of the "certificate of solvency" attached to the bond, 

 Form 377, by a judge or clerk of a State court of record, a judge, 

 clerk, or deputy clerk of a United States court, a United States 

 attorney or one of his assistants, a United States commissioner or a 

 postmaster. 



In accordance with the act of March 2, 1895 (28 Stat., 807), every 

 bond should be examined by the district fiscal agent 

 an< ^ ^ e District assistant to the solicitor at least once 

 every two years for the purpose of ascertaining the 

 sufficiency of the sureties. 



Evidence of the authority of a person signing a bond as principal 

 or surety on behalf of a corporation will be secured in 

 thorlty nce f au ~ accordance with the instructions under ' 'Contracts/' 

 page 23, and filed with the original. 



ADVANCE CUTTING. 



tiano? b i ondl amina " 



Applications for advance cutting will be discouraged, and will be 

 approved or recommended only to prevent serious 

 hardship or delay or unnecessary expense to the pur- 

 chaser. Forest officers will encourage purchasers to 



Applications 

 3ouraged. 



dis- 



