All such bonds must be conditioned as follows:
(A) That the licensee will obey the law relating to such licensed premises.
(B) That the licensee will pay to the City of Brooklyn Park when due all license fees, penalties, and other charges provided by law.
(C) That in the event of any violation of the provisions of any law relating to the retail “off-sale” and retail “on-sale” and retail “Sunday sale” of intoxicating liquor, such bond must be forfeited to the city.
(D) That the licensee will pay to the extent of the principal amount of the bond any damages for death or injury caused by or resulting from the violation of any provision of law relating thereto, and in such cases recovery under this division may be had from the surety of this bond. The amount specified in the bond is declared to be a penalty, the amount recoverable to be measured by the actual damages; provided, however, that in no case is the surety to be liable for any amount in excess of the penal amount of the bond.
(E) All such bonds are for the benefit of the City of Brooklyn Park and all persons suffering damages by reason of the breach of the conditions of this subchapter or state statutes.
(F) If the applicant files cash or United States government bonds, as permitted in this section, the Finance Director must execute a receipt therefor and a copy of the receipt must be filed with the Clerk or designee. If government bonds are filed, the licensee is permitted to clip and take all interest bearing coupons thereto attached as they become due.
('72 Code, § 805:30) (Am. Ord. 2004-1013, passed 5-10-04)