In lieu of such cash deposit, any such person shall be required forthwith to furnish or cause to be furnished a bond, subject to the approval of the City Solicitor, of two hundred fifty dollars ($250.00) payable to the City, with surety 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 of the business, it being the intent and purpose of this chapter to secure for the City, full and adequate assurance that the operator of any store which, in fact, proves to be a temporary store, shall forfeit such deposit or bond.
(Ord. 4119. Passed 11-21-32.)