Every applicant shall file with the Clerk-Treasurer a surety bond, running to the municipality in the amount of not less than $100 nor more than $1,000, as determined by the Mayor with surety acceptable to and approved by the Mayor, conditioned that the applicant shall comply fully with all of the ordinances of the municipality and the statutes of the state and guaranteeing to any citizen of the municipality that all money paid as a down payment will be accounted for and applied according to the representations of the solicitor and further guaranteeing to any citizen of the municipality doing business with the solicitor, that the property purchased will be delivered according to the representations of the solicitor. Action on the bond may be brought in the name of the municipality to the use or benefit of the aggrieved person.
(Ord. 63, passed 12-17-97) Penalty, see § 112.99