Upon the discovery of any false or misleading statements in the application or any misrepresentation by the applicant in procuring the permit, or upon the failure, neglect or refusal of the applicant to promptly, voluntarily and without notice furnish and file a new bond when the surety on any bond has terminated its liability and cause the same to be approved by the City Manager as to sufficiency of sureties and by the City Attorney as to form, or in case of death, bankruptcy or removal from the city of any one or both of the sureties on the bond, the Council may, upon five days notice to the applicant, cancel and annul the permit, whereupon the applicant shall be amenable to the penalties prescribed in this chapter from and after the date of the cancellation as though the permit has never been granted.
(`78 Code, § 5.18.130.) (Ord. 2315 § 1 (part), 1997.)