Every person licensed as a pawnbroker shall, at the time of receiving the license, execute a bond to the city in the sum of an amount as set by the city from time to time, with good and sufficient sureties, conditioned for the due observance of the provisions of this subchapter respecting pawnbrokers at all times during the continuance of the license and for the use of any person who may have a cause of action against the obligor of the bond under the provisions of this subchapter.
(Prior Code, § 120.034) Penalty, see § 117.999