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Colorado bonds

Alamosa, CO — Pawnbroker Bond

Alamosa’s $5,000 pawnbroker bond addresses proper conduct of the business and the safekeeping and return of pledged articles. It belongs with the City’s pawnbroker application, not the separate security-service paperwork. Apply through The Southern Agency with the licensed applicant, shop address and City-accepted financial wording ready.

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Recorded state
Colorado
Category
Professional & occupational licenses

What this bond does

Provide the $5,000 security at or before license issuance under City Code §10-141(d). The Code describes a bond or recognizance to the people of the State, approved by the Mayor; a local City application does not make the City itself the named obligee automatically.

Who needs it
The person/entity applying to establish or conduct pawn brokering at the stated premises within Alamosa. The City’s application provisions ask for the proposed street address, capital to be used in the business and satisfactory evidence of good character. Identify the actual licensee rather than a customer or employee.
Who it protects
The condition covers due observance of the City’s current and later pawnbroker ordinances/regulations and safekeeping and return of pawned articles in accordance with applicable State statutes. It is not a promise of automatic payment or a substitute for the separate insurance that protects the goods against fire/property losses.

Your bond option

This is the option on record for this bond.

The bond amount describes the limit of the bond obligation, not the price. A listed amount does not establish what the requesting party requires. The premium is what you pay and must be confirmed for the actual option. An E&O limit, where listed, is separate errors and omissions insurance.

Keep the City application and State-recipient wording consistent

Section 10-141 distinguishes the application to the City, the license issued under the Mayor’s hand and seal, and the $5,000 undertaking to the people of the State approved by the Mayor. Use the accepted principal and recipient wording; do not substitute “City of Alamosa” simply because the filing is local.

The Code allows two or more sufficient sureties or a sufficient corporate surety. That is not a universal instruction to find two individual cosigners. Use the City’s accepted instrument and execution directions for the method actually used.

The goods’ insurance is separate from the $5,000 bond

Section 10-141(e) also calls for insurance protecting all articles held in pawn against losses from fire/property-coverage perils. That is a separate protection for the goods, not an amount to add to the $5,000 financial security.

The City license expires December 31 and is renewed annually under subsection (a). That calendar does not establish the duration of this unlabeled purchase choice; use the actual accepted financial beginning/ending dates.

Use the pawnbroker file with Propeller

Purchase Now opens Propeller in a new tab. This choice shows no amount or duration. Compare the licensee and premises, $5,000 requirement, State-recipient wording, City approval/condition and dates before completing it.

Keep the issued document for the City’s pawnbroker licensing directions, with the separate pledged-goods insurance evidence as instructed. Purchasing does not submit that municipal application or issue the license.

Sources

Have these ready

  1. Actual Alamosa pawnbroker applicant and premises, proposed business capital and City application materials.
  2. Accepted $5,000 instrument and wording to the people of the State, with Mayor approval—not an assumed City obligee.
  3. Chosen accepted surety/execution method and actual financial dates, separate from December 31 licensing.
  4. Separate pledged-articles fire/property protection and City submission directions for the issued document.

Questions about this bond

Why is the recipient not automatically the City?

Section 10-141(d) calls for the undertaking to the people of the State, approved by the Mayor. The local application and the instrument’s named recipient are different details. Use the City-accepted wording rather than changing the obligee to fit a mailing destination.

Must I bring two personal sureties?

The Code permits two or more sufficient sureties or a sufficient corporate surety. It does not make two personal sureties the only route. Follow the accepted instrument and actual method; do not invent a cosigner requirement from one alternative.

Does it replace fire/property insurance for pawned goods?

No. Subsection (e) separately calls for protection of the articles held in pawn against the stated fire/property perils. The bond’s compliance/safekeeping-and-return condition does not replace that insurance.

Does December 31 expiration mean this is a calendar-year purchase?

No. The City license expires December 31 and renews annually, but the Propeller choice provides no duration. Check the accepted financial instrument and its actual dates rather than treating the license calendar as an offer.

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