Every person desiring a license to sell alcoholic liquor under the provisions of this chapter shall file with his or her application a bond payable to the city in the penal sum of $1,000, signed by at least 2 good and sufficient sureties, or by a good surety company qualified to do business in Illinois, which bond shall be subject to the approval of the Liquor Commissioner. Said bond shall be conditioned upon the observance of the provisions of this chapter, and shall be further conditioned that the applicant shall pay to the city all fines and costs recovered against the applicant under the provisions of this chapter and any and all other ordinances regulating the sale of such liquors now in force or hereafter adopted, on account of any act done by the holder of such license in violation of any such law during the period for which license shall be granted, and further conditioned that the applicant will pay all persons all damages they may sustain, either in person or property, or means of support, by reason of the sale of alcoholic liquors by the licensee. No persons holding a license hereunder shall be acceptable as a surety for another person requesting or holding a license hereunder. All personal sureties on such bonds must be the owners of property within the corporate limits of the city and shall show to the Liquor Commissioner satisfactory proof of their financial stability.
(Ord. 1127, passed 3-9-1987)