A. Any person who wishes to obtain a license as a transient merchant or itinerant vendor shall file a written license application with the appropriate licensing agency as provided in this Section.
B. The application shall be filed with the Police Department and such Police Department shall be the licensing agency.
C. The license application shall include the applicant's name, permanent business address (which must include a street address), residence address of the principal (and, if the applicant is a corporation, the residence addresses of its officers), the location at which the applicant intends to do business, the nature of the business the applicant intends to conduct, a copy of the applicant's certificate of registration under the Retailers' Occupation Tax Act, a complete inventory of the goods the applicant intends to offer for sale, and a list of all licenses to conduct business as a transient merchant or an itinerant vendor obtained by the applicant in this State in the twelve (12) months preceding the date of filing of the application.
D. The applicant shall file with the licensing agency a surety bond or shall make a cash deposit. The amount of the bond or deposit shall be equal to fifty percent (50%) of the wholesale value of the merchandise that the applicant intends to offer for sale; however, the amount of the bond or deposit shall not be less than one thousand dollars ($1,000.00) nor more than ten thousand dollars ($10,000.00).
E. The licensing agency shall transfer said deposit or bond to the Attorney General of this State within fourteen (14) days after the applicant ceases to do business in this jurisdiction, and the Attorney General shall hold such deposit or bond for two (2) years for the benefit of any person who suffers loss or damage as a result of the purchase of merchandise from said person licensed under this Chapter or as the result of the negligent or intentionally tortious act of the person licensed under this Chapter. The Attorney General shall pay any portion of the bond or deposit to any person in accordance with the order of a court without making an independent finding as to the amount of the bond or deposit that is payable to that person. Any balance of said deposit held by the Attorney General two (2) years after the expiration of a license of a person under this Chapter shall be refunded to the person.
F. A license issued under this Chapter shall expire on December 31 of the year it was issued. The licensing agency may collect a license application fee of one hundred dollars ($100.00) from any person wishing to conduct business as either a transient merchant or itinerant vendor under this Chapter. (Ord. 89-52, 6-19-89)