3-2-8: BOND REQUIRED:
No class A beer retail license or class B restaurant business license shall be granted by the city council until the applicant has posted a cash or corporate surety bond in an amount set by resolution and payable to the city. Each licensee must procure and maintain said bond for so long as the license is in effect. The bond shall be in a form approved by the city clerk/recorder, conditioned upon the licensee's faithful compliance with this chapter, the Utah alcoholic beverage control act and the rules and regulations promulgated by the Utah alcoholic beverage control commission. No part of any cash or corporate bond so posted may be withdrawn during the period the license is in effect, or while revocation proceedings are pending against the licensee. A bond filed by a licensee may be forfeited if the license is finally revoked. (Ord. 2007-05, 1-17-2007)