The surety bond or insurance policy required by Section 38-12 shall be in the sum of $10,000 and shall be conditioned that the obligor therein will pay to the extent of the face amount of such surety bond or insurance policy all judgments which may be recovered against such detective or detective agency by reason of the wrongful or illegal acts of its servants, officers, agents or employees committed by them in the course of their employment. Such surety bond or insurance policy shall further be conditioned that such person so injured shall have the right to sue directly upon the surety bond or insurance policy in his own name, and the same shall be subject to successive suits for recovery until a complete exhaustion of the face amount thereof. (Ord. Nos. 4039; 4311)