(A) Fees; bonds; recovery for damages under bond. For each license issued hereunder, the applicant shall pay to the City Clerk the sum of $25 as a license fee, and the further sum of $5 for the first day of the use of said license and $3 for each day thereafter; and shall deposit with the City Clerk the sum of $500 as a cash bond, or shall file a surety company bond in a like amount. Such cash bond or surety bond shall be conditioned for the faithful performance of his or her promises and contracts made during his or her course of business as a solicitor, canvasser or peddler within the city and for compliance with all ordinances of the city. Said bonds shall further provide that any person injured by the breach of any obligation which a bond is given to secure may sue upon such bond in his or her own name in any court of competent jurisdiction to recover any damages such person may have sustained by such breach and shall be for a term of not less than six months.
(B) Disposition of bond. Deposits of money or bonds made with the City Clerk as required by the provisions of this chapter shall be subject to the claims of creditors in all cases where a judgment has been obtained against such solicitor or peddler and the date for the appeal of the judgment has expired. In such cases garnishment proceedings may be commenced against the City Clerk. It shall be the duty of the City Clerk to remit to any court any balance of the cash deposit remaining in his or her hands not exceeding the amount of the judgment for the purpose of satisfying the same. Any balance of the cash deposit remaining in the hands of the City Clerk for a period of six months after the expiration of said license shall be remitted to said solicitor, canvasser or peddler.
(C) Expiration of license. Any license issued hereunder shall expire and be void as soon as the amount of the bond filed with the City Clerk as provided herein shall have been diminished or used in whole or in part because of suits as hereinbefore provided.
(Prior Code, § 7.74)