Every person to whom a city license is granted under Chapter 110 to carry on the business of a pawnbroker, and who has paid the required license fee as set forth in § 110.28, shall annually enter into bond to the city, with good and sufficient surety to be approved by City Council, in the penal sum of $1,000. This bond shall be conditioned that he will observe the provisions of this chapter and all ordinances and laws in force in the city not inconsistent with this chapter.
(KRS 226.020)