Every person having a pawnbroker license shall, at the time of receiving the license, execute a bond to the city in the sum of $500 with good and sufficient sureties to be approved by the City Controller, conditioned for the due observance of this code or any other ordinance of the city respecting pawnbrokers, during the continuance of the license.
(Prior Code, § 118.16) Penalty, see § 10.99