(A) No license granted pursuant to the provisions of this chapter shall become effective unless and until all insurance, letter of credit and bond requirements are met, all of such provisions being hereby declared to be conditions precedent to the effectiveness of any such license granted hereunder. If any of such provisions are not done and completed in the time and manner required, the license shall be null and void.
(B) Within 20 days after the date of awarding any license, or within such extended period of time as the Council in its discretion may authorize, the licensee shall file with the Clerk its written acceptance of the license, in a form satisfactory to the town attorney, together with the construction bond and insurance policies required by this chapter, and its agreement to be bound by and to comply with and to do everything which is required of the licensee by the provisions of this chapter and the applicable license. Such acceptance shall be acknowledged by the licensee before a notary public, and shall, in form and content, be satisfactory to and approved by the Town Attorney.
(Ord. 16-825, passed 9-13-2016)