Who should execute (sign) the bond?
The bond must be executed (signed) by the bond principal. Typically, the bond principal is the operator, in which case, the bond must be executed by the operator. When the operator is a corporation, partnership, or other legal business entity, the bond must be executed by an officer of the corporation or other position which has the authority to financially bind the operator. The signatory authority must be according to a current power-of-attorney or the articles of incorporation or other business documents as may be filed with the BLM Nevada State Office. If the bond is posted by an entity on behalf of the operator, known as a third-party bond, the third party would execute the bond. In addition to the bond, BLM Form 3809-4 must be submitted, which shows the third party is posting the bond with the BLM on behalf of the operator of record. An agent, resident agent, trustee, owner of the mining claim, or other such individual is not an acceptable signatory for a bond unless there is a s
