(A) The Village Clerk shall have power to adopt and promulgate such rules and regulations as the Village Clerk may deem necessary to carry out the provisions of this subchapter.
(B) Each person required by this subchapter to collect and pay, or to pay the taxes imposed shall keep records of receipts, issuance of complimentary tickets, and otherwise, together with ticket stubs, and other pertinent documents, in the form as the Village Clerk may by regulation require. The records and other documents shall be open at any time during business hours to the inspection of the Village Clerk, and shall be preserved for a period of three years, unless the Village Clerk shall in writing consent to their destruction within that period, or in writing require that they be kept longer. The Village Clerk may require any person required by this chapter to collect and pay or to pay the tax imposed, to file with him or her a bond, subject to the approval of the Law Director, with security to the approval of the Village Clerk, and in the amount as the Village Clerk may fix, conditioned for the collection and payment, or the payment of any taxes due or which may become due from that person. Bond, when approved by the Village Clerk shall be deposited in his or her office, in lieu of the bond, securities approved by the Village Clerk may be deposited with him or her and shall be kept by him or her as security for the payment of the tax, interest, or penalty, or both. The Village Clerk may sell any securities so deposited with him or her at public or private sale without notice to the depositor thereof, if it becomes necessary so to do in order to recover the amount of the tax, interest, or penalty, or both due or unpaid. On any such sale, the surplus, if any, above the amounts so due and unpaid, shall be returned to the depositor of the securities.
(C) The Village Clerk may by regulations permit any person making a refund of any payment on which a tax is collected under this subchapter to repay therewith the amount of the tax collected on the payment, and provide for the crediting of the amount so repaid against amounts included in any subsequent return.
(1995 Code, § 39.04) (Ord. 4-1948, passed 1-19-1948)