It shall be unlawful for any person to hold or conduct or to aid in holding or conducting as an auctioneer in the City of Flint any auction or auction sale without first executing a bond to the people of the State of Michigan with a surety company authorized to transact business in the State of Michigan as a surety, in the penal sum of $2,000.00 for the use and benefit of any and all persons claiming damages because of the violation of any of the provisions of the ordinance of which this amendment forms a part, which bond shall contain the conditions that the principal therein will well and faithfully in all things comply with the provisions of said ordinance and pay or cause to be paid all loss or damage that any and all persons may sustain by reason of the failure of said principal to comply with said provisions. The bond shall be approved by the Chief Legal Officer.
(Ord. 138, passed 12-7-1917)