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An applicant for a license under this chapter shall execute and file with the Mayor a penal bond in a form and with a surety that is satisfactory to the Mayor, conditioned upon the faithful observance of the laws of the State and the ordinances of the City relating to the retail sales of liquor, indemnifying the City against all loss or injury arising against the City by reason of the conduct or operation under such license and for the payment of all fines and forfeitures against such licensee. Such bond shall be in the penal sum of one thousand dollars ($1,000.00), and when approved by the Mayor shall be filed with the City Clerk. However, if a corporation of club does not have an officer, manager or agent who is a resident of the City of Christopher, then such bond shall be in the penal sum of ten thousand dollars ($10,000.00) and when approved by the Mayor shall be filed with the City Clerk.
(Ord. 450. Passed 12-4-78; Ord. 893. Passed 11-8-10.)