If and when any license terminates and becomes inoperative as provided for in this chapter, or if and when the licensee files with the Mayor written notice of his election to surrender his license and abandon the premises covered thereby, then, if no claims or lawsuits under the bond are pending or have been filed within six months after such license has terminated, become inoperative or written notice of election to surrender has been filed, the Mayor shall return the bond furnished by the licensee in connection with such license. If claims are pending or are filed within such time, upon the satisfaction or defeat of such claims or lawsuits, such bond shall thereupon be returned to the licensee.
(Ord. 120-77. Passed 11-22-77.)
(Ord. 120-77. Passed 11-22-77.)