Before any solicitor license, as provided herein, shall be issued for engaging in the business of soliciting, as defined in section 4-3-2 of this chapter:
A. Every applicant plying his trade as an individual shall file with the Village Clerk a bond in the amount of one thousand dollars ($1,000.00).
B. Every business association, company or corporation, which has employees or agents acting in the capacity of solicitor shall file with the Village Clerk a bond covering all such employees in the amount of one thousand dollars ($1,000.00) per employee to a maximum of five thousand dollars ($5,000.00).
C. The bond may be in form of a surety bond issued by a company licensed to issue insurance in the State of Illinois, a money order or cashier's check payable to the Village, or cash delivered to the Village Clerk. The bond shall protect against any and all claims against the solicitor arising during the effective dates of the license issued under this chapter and filed with the Village Clerk within sixty (60) days of the expiration of any such license. Solicitors shall notify each customer that they are bonded and that any claim may be presented to the Village Clerk at the Village Hall during regular business hours.
D. After expiration of a license, the Village Clerk shall, upon application of the licensee, return the bond to the person designated in the application sixty (60) days after receipt of application for return, unless the Clerk has been notified of the pendency of any claim or cause of action by any person upon the bond. If the Clerk received notice of a claim, the bond shall not be released except as directed by a court or the person(s) submitting the claim. After being licensed for two (2) years, without claims against the bond, the above bonding requirements will be waived. (Ord. 2019-20, 4-4-2019)