In lieu of the license and fee, a person shall be required forthwith to furnish, or cause to be furnished, a bond subject to the approval of the Mayor, in the sum of five hundred dollars ($500.00), payable to the City, with surety or sureties satisfactory to the Mayor, and conditioned upon the fact of continuation in business at the address indicated thereon for a period of 120 days or more after the date of opening the business. It is the intent and purpose of this chapter to secure for the City full and adequate assurance that the operator of any store, which may in fact prove to be a temporary store, shall pay, directly or indirectly, through his or her surety, the license fee herein provided.
(Ord. 1266. Passed 9-18-58.)