Before a license as provided in this chapter is issued, the applicant shall execute and deliver to the City Clerk a good and sufficient bond in the sum of one thousand dollars ($1,000) with good and sufficient surety, to be approved by the City Clerk as to sufficiency of surety and by the City Attorney as to form. Such bond shall be conditioned as to indemnify or reimburse any purchaser of goods, wares or merchandise in a sum equal to at least the amount of any payment such purchaser may have been induced to make through misrepresentation as to the kind, quality or value of such goods, wares or merchandise, whether the misrepresentations were made by the owner or by his or her servants, agents or employees either at the time of making the sale or through any advertisement of any character whatsoever printed or circulated with reference to the stock of goods, wares and merchandise, or any part thereof. Such bond shall be further conditioned for the faithful performance of all the provisions of this chapter.
(1979 Code Sec. 5.52.060)