Before a permit under this chapter is issued, each person subject to this chapter shall post with the Clerk a bond, by a surety company authorized to ensure the fidelity of others in the state, in the amount of $1,000 to the effect that the registrant and the surety consent to the forfeiture of the principal sum of the bond, or such part thereof as may be necessary:
(A) To indemnify the city for any penalties or costs occasioned by the enforcement of this chapter; and
(B) To make payment of any judgment rendered against the registrant as a result of a claim or litigation arising out of or in connection with the registrant’s peddling or solicitation. The bond shall not be retired until one year from the expiration of the permit.
(Ord. 2022-05, passed 6-14-2022)