Any place of business violating the previous section shall have all beer and wine found upon the premises declared contraband and it shall be seized as contraband liquor; provided that, the person owning or claiming such beer or wine may retain possession by delivering a cash bond in an amount equal to the cost price charged for a like quantity by a licensed wholesaler. The officer who shall receive the bond shall deliver a written receipt to the person posting the bond. The cash bond shall be deposited in the treasury of the municipality.
(1982 Code, Ch. 9, Art. I, § 3-8) Penalty, see § 112.99