At the time an application for a license is made, where use of municipal grounds is contemplated, the applicant shall deposit with the Fiscal Officer a cash bond of not less than ten dollars ($10.00) nor more than fifty dollars ($50.00) conditioned upon the restoration and cleaning up of the grounds in a manner satisfactory to the Mayor or other chief administrative officer. In the event such grounds are restored and cleaned up properly following the exhibition, the deposit shall be returned; otherwise the deposit shall be forfeited to the Municipality.