Every holder of a solicitor's permit, before doing business under such permit shall file with the City Clerk a surety bond in the amount of $1,000, payable to the city. Such bonds shall be approved by the City Attorney. Such bonds shall inure to the benefit of any and all persons who sustain any loss or damage on account of any breach of the conditions of the bonds. Such bonds shall be conditioned as follows:
(A) The solicitor's permit bond shall be conditioned that the holder shall comply fully with all the provisions of the ordinances of the city and statutes of the state regulating and concerning the business of solicitor, and guaranteeing to any citizen that all money paid as a down payment will be accounted for and applied according to the representations of the solicitor and further guaranteeing that the property purchased will be delivered according to the representations of the solicitor.
(B) The itinerant merchant's permit bond shall be conditioned that the holder shall comply fully with all provisions of the ordinances of the city and statutes of the state regulating and concerning the sale of goods, wares, and merchandise, and will pay all judgments rendered against the holder for any violation of those ordinances or statutes, together with all judgments and costs that may be recovered against him by any person for damages growing out of any misrepresentation or deception practiced on any person transacting business with such holder, whether said misrepresentations or deceptions were made or practiced by the holder or by his employees or agents, either at the time of making the sale or through any advertisement of any character whatsoever, printed or circulated with reference to the goods, wares, and merchandise sold or any part thereof.
(Ord. 436, passed - -87)