(A) As specified in this business regulation title, certain occupations or businesses require the posting of cash or corporate surety bond in the sum set by resolution of the City Council in addition to whatever regular or special licenses may be required pursuant to the provisions of this business regulation title.
(B) All such bonds shall be conditional for the faithful observance by the licensee of all laws and ordinances of the city and for the honest performance of all duties required of the licensee by ordinance as well as for such additional purposes as may be required in the particular chapter of this business regulation title requiring a license for such occupation or business. Proof of renewal of such bond must be presented each year.
(Prior Code, § 14.02.200)