If a bond is required under the license provisions of Title 4, the corporation counsel or comptroller, or their respective designee(s), may review or investigate such bond before a license is granted or renewed. A bond may be rejected by the city on legal or financial grounds. If the bond is rejected, the applicant or licensee shall be notified of the reason(s) why the bond was rejected and may submit a new bond for approval by the corporation counsel or comptroller or their respective designee(s).
(Added Coun. J. 5-9-12, p. 27485, § 14)