Every permittee shall file with the city clerk's office a cash bond or other approved bond (surety bond/company bond) running to the municipality in the amount of two thousand, five hundred dollars ($2,500.00).
The bond shall remain on file in the city clerk's office for a period of one (1) year and shall be conditioned that the permittee shall comply fully with all the provisions of the ordinances of the city. It shall guarantee to any citizen of the city that all money paid as a down payment and/or complete purchase will be accounted for and applied according to the representations of the permittee, and shall further guarantee to any citizen of the city doing business with said permittee that the goods purchased will be delivered and/or guaranteed according to the representations of the permittee.
(Ord. #000-02-04, March 2000)