Every application for a permit required by this chapter shall be accompanied by a permit bond issued by a surety company licensed to do business in the State of California and having a financial rating in Best's Insurance Guide of at least “B.”
Such bond shall be in the amount of one thousand dollars ($1,000), shall identify the permit applicant as the principal on the bond, and shall include the city and any city resident ordering goods or services from the permit applicant as obligees on the bond. In addition, such bond shall be conditioned on the permit applicant faithfully observing and complying with the requirements of this code, the provisions of any permit issued to the permit applicant pursuant to this chapter, and the terms and conditions of any oral or written agreement or order for goods or services made or taken in the course of house-to- house peddling or soliciting authorized by such permit. Prior to issuance of a permit, the bond shall be approved as to form by the city attorney.
Where applications have been filed for permits required by this chapter which authorize house-to-house peddling or soliciting by two or more persons as employees or agents of the same company or other business organization, a joint permit bond may be filed by such company or other business organization on behalf of all of such employees or agents in lieu of individual bonds for each such employee or agent. Such joint bond shall be in an amount equal to the product of one thousand dollars ($1,000) multiplied by the total number of employees or agents of such company or other business organization who seek to engage in house-to-house peddling or soliciting pursuant to a permit required by this chapter, and shall indicate that the company or other business organization, as well as all such employees or agents, are principals on the bond.
(Ord. 2062)