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Every permittee under this article shall file with the city manager a cash or surety bond payable to the city. The bond shall be one thousand dollars ($1,000.00) for those permittees who provide nondurable goods or products. The bond shall be ten thousand dollars ($10,000.00) for those permittees who provide durable goods or products. The bond shall be conditioned that the permittee shall comply fully with all state laws regulating peddlers, canvassers, solicitors, transient merchants, itinerant merchants, or itinerant vendors, as the case may be, and shall guarantee to any citizens of the city that all money paid as a down payment will be accounted for and further guaranteeing to any citizen of the city doing business with such permittee that the property purchased will be delivered according to the representations of the permittee and will be of the specified quality and quantity. Action on such bond may be brought by any person aggrieved and for whose benefit, among others, the bond is given; but the surety may, by paying, pursuant to an order of the court, the face amount of the bond to the clerk of the court in which the suit is commenced, be relieved without costs of all further liability. The one thousand dollar ($1,000.00) bond shall remain on file for a period of thirty (30) days after expiration of the permit, and ten thousand dollar ($10,000.00) bond shall remain on file for a period of one hundred twenty (120) days after expiration of the permit.
(Ord. No. 1315, § 6, 1-25-83; Ord. No. 1456, § 1, 1-28-92)