(A)   Each applicant for a license hereunder shall execute a penal bond to the county and state in the sum of $2,000 with two sureties thereon who are residents of the county, and who are acceptable to the Liquor Control Commission, or with a solvent surety company licensed to do business in the state. The Commission shall consider the bond and shall have the right to disapprove the bond.
   (B)   The bond shall be filed with the County Clerk at the same time application is presented and shall be referred by the County Clerk to the Commission with the application.
   (C)   The bond shall be conditioned upon the faithful observance by the licensee of the chapter and provisions of all liquor laws of the state and all laws of the United States of America applying to the sale, transportation and possession of alcoholic beverages. The bond shall be further conditioned upon the payment by the person, partnership or corporation bonded to any person or persons entitled to damages as a result of any sale, occurrence, transaction or injury which arises from the operation of the business for which the license hereto applies.
   (D)   A new bond shall be presented yearly at the time of the application for a renewal of any license under the terms of this chapter.
(Prior Code, § 110.20)  (Ord. passed 9-14-1989)