If the applicant desires an immediate registration he shall be required to file an additional cash or surety bond, payable to the city, in the principal sum of $500, conditioned upon the faithful performance of the applicant of any contract that he may enter with the city or any citizen of the city during the period required for the investigation of the application and provided that this bond shall be further conditioned upon the truth and veracity of the statements made by the applicant under oath upon the form provided by the Clerk-Treasurer. Any certificate of registration issued by the Clerk-Treasurer shall be for the calender year beginning January 1 and ending December 31 of the year in which it is issued.
(`84 Code, § 4-11(f))  (Ord. 83, passed 11-23-59)  Penalty, see § 10.99