Any transient cleaner, dyer, or presser, as defined by this chapter, or any person who may desire to qualify as a permanent cleaner, dyer or presser shall, upon making application for such permanent cleaner's, dyer's or presser's license, deposit with the city clerk a corporate surety or cash bond in the sum of five hundred dollars, to be approved by the city commission, to guarantee full and complete compliance with the provisions of this chapter. After being fully qualified as such permanent cleaner, dyer or presser, such bond shall be returned to such applicant, less the license fee of twenty-five dollars for one annual license for a permanent cleaner, dyer or presser. Such license shall be dated from the date of the original application therefor. If such applicant shall fail to qualify and be classified as a permanent cleaner, dyer or presser as defined in this chapter, the total amount of such bond shall thereupon be forfeited. (Prior code § 15-1-7)