A. Before any license as provided by this chapter shall be issued, such applicant shall file with the city a bond running to the city as follows:
1. A person engaging in business as a transient merchant, a bond in the sum of one thousand dollars ($1,000.00) secured by the applicant, as principal and two (2) sureties upon whom service of process may be made in the state;
2. A person engaging in business as a peddler, a bond in the sum of one thousand dollars ($1,000.00) secured by the applicant, as principal and two (2) sureties upon whom service of process may be made in the state; and
3. All such bonds shall be approved by the city attorney and conditioned that the applicant shall comply fully with all of the provisions of the ordinances of the city, and the statutes of the state, regulating and concerning the sale of goods, wares and merchandise and will pay all judgments rendered against the applicant for any violation of the ordinance or statutes or any of them, together with all judgments and costs that may be recovered against him by any person or persons for damage growing out of any misrepresentation or deception practiced by any person transacting such business with such applicant, whether such misrepresentation or deception were made or practiced by the owner or by their service, agents or employees, either at the time of making the sale or through any advertisement of any character whatsoever, printed or circulated with reference to the goods, wares and merchandise sold or any part thereof. Any action on the bond may be brought in the name of the city to the use of the aggrieved person. (Prior code § 5-10)