A. Each applicant desiring a liquor license shall submit with the application a bond to the village of Hudson in the penal sum of two thousand dollars ($2,000.00) conditioned upon the faithful compliance with the terms and conditions of the village liquor ordinance and the Illinois liquor control act of 1934. Said bond shall be accompanied by evidence of surety on the bond. Such surety to be a solvent surety company licensed to do business in the state of Illinois and to be approved by the local liquor control commissioner. Said bond shall further be conditioned upon the payment of any judgment for damages and costs that may be recovered against said licensee in accordance with the laws of the state of Illinois and the ordinances of the village.
B. A new bond shall be presented yearly at the time of the application for a renewal of any license under the terms of this chapter. (Ord. 1292, 11-1-2016)