Before any license as provided herein shall be issued for engaging in the business of vendor, solicitor or temporary merchant, as defined in section 3-2-5 of this chapter:
A. Individual: Every applicant plying his trade as an individual shall file with the City Clerk a bond in the amount of one thousand dollars ($1,000.00).
B. Associations, Corporations: Every business association, company or corporation which has employees or agents acting in the capacity of vendor, solicitor or temporary merchant, shall file with the City Clerk a bond covering all such employees in the amount of one thousand dollars ($1,000.00) per employee, up to a maximum bond amount of five thousand dollars ($5,000.00).
C. Form Of Bond: The bond may be in form of a surety bond issued by a company licensed to issue insurance in the State, a money order or cashier's check payable to the City, or cash delivered to the City Clerk. The bond shall protect against any and all claims against the vendor, solicitor or temporary merchant arising during the effective dates of the license issued under this chapter and filed with the City Clerk within sixty (60) days of the expiration of any such license.
D. Notification To Customers Regarding Claims: Vendors, solicitors and temporary merchants shall notify each customer that they are bonded, and that any claim may be presented to the City Clerk's Office located at 150 N. Capitol Blvd., Boise, Idaho, during regular business hours. Vendors, solicitors and temporary merchants maintaining a stationary location through the term of the license may satisfy this requirement by a notice conspicuously posted near the point of sale.
E. Return Of Bond: After expiration of a license, the City Clerk shall, upon application of the licensee, return the bond to the person designated in the application sixty (60) days after receipt of application for return, unless the Clerk has been notified of the pendency of any claim or cause of action by any person upon the bond. If the Clerk receives notice of a claim, the bond shall not be released except as directed by a court or the persons submitting the claim.
F. Waiver Of Bond: After being licensed for two (2) consecutive years without claims against the bond, the above bonding requirements will be waived. (1952 Code § 5-12-08; amd. 2019 Code)