As a prerequisite to the issuance of a license under this part, each applicant shall also furnish evidence to the Commissioner of Agriculture that he has in force for the year for which the license is sought a bond issued by a corporate entity authorized to do business in this state in the penal sum of $10,000.00. The bond shall be conditioned upon the licensee performing all the duties imposed upon him by law and the accounting for the proceeds of all carry-over flue-cured leaf tobacco received by him for storage and for sale.
(Ga. L. 1975, p. 1263, § 4.)
RESEARCH REFERENCES
Am. Jur. 2d.
- 78 Am. Jur. 2d, Warehouses, § 83.
C.J.S.- 93 C.J.S., Warehousemen and Safe Depositaries, §§ 6, 7, 24 et seq.