Every person, firm, or corporation licensed under this chapter shall, at the time of receiving the license, file with the county a bond payable to the county in the sum of $5,000, to be executed by the licensee, and by two responsible sureties or a surety company licensed to do the business in this state, to be approved by the county, which shall be for the faithful performance of the requirements and obligations pertaining to the business so licensed. The county may sue for forfeiture of the bond upon a breach thereof. Any person who obtains a judgment against a pawnbroker and upon which judgment execution is returned unsatisfied may maintain an action in his or her own name upon the bond, to satisfy the judgment.
(Ord. passed 8-5-1990)