9-303: BOND; CONDITIONS:
Every person hereafter applying for a license to engage in or carry on the business of pawnbroker shall, before such license is issued to him, enter into a bond with the city, with approved sureties, in the penal sum of one thousand dollars ($1,000.00), conditioned that the applicant will strictly and faithfully observe all ordinances, regulations and requirements of the city relating to pawnbrokers or their businesses, and will pay all costs, fines and penalties incurred on the account of his failure or neglect in that behalf, and will pay all damages resulting to any person by reason of his wrongfully taking, purchasing or receiving in pledge or on deposit any stolen property or the property of any minor, which bond shall be filed with the city treasurer and may be sued upon by any person damaged, as aforesaid, in the name of the city, for the use of such person, but in no event shall the city be liable for the cost of such suit. (Prior code § 5-21)