(A) Bonds required. Before a permit shall be issued, bonds in the following amounts and upon the following conditions shall be filed with the City Clerk:
Pawnbroker | $2,000 bond |
Second-hand goods dealer or junk dealer with established place of business | $1,000 bond |
(B) Conditions of bond. All bonds shall be conditioned that the principal named therein will observe all laws in relation to pawnbrokers, dealers in second-hand goods and junk dealers, and conduct his or her business in conformity thereto, and that he or she will account for and deliver to any person legally entitled thereto, any goods, wares or merchandise, article or thing, which may have come into his or her hands through his or her business as the pawnbroker, dealer in second-hand goods or junk dealer, or in lieu thereof will pay in money to the person or persons the reasonable value thereof.
(Prior Code, § 18-102) Penalty, see § 113.99