3.28.240  Term of bond.
   The bond shall remain in force and effect for the entire period of the license. The surety may cancel the bond and be relieved of further liability thereunder by delivering thirty days’ prior written notice to the city manager. Such cancellation will not affect any liability incurred or accrued thereunder prior to the termination of the thirty-day period. If the bond is canceled, a new bond in like form must be immediately filed and maintained and applied as provided in Sections 3.28.210 and 3.28.220 of this chapter. Upon failure to so file and maintain a new bond, the city manager will suspend such bingo manager’s license pending compliance.
(Ord. 790 § 16 (part), 1999)