(A) No person soliciting or taking orders for goods, wares, merchandise, services or other articles or things of value to be delivered at some future date or dates shall ask for or receive any deposit or any payment or part payment of money or other valuable thing in advance of such delivery unless such person shall have first deposited with the Village Clerk a cash bond in the amount of $500, or a surety bond in like amount with good and sufficient sureties to be approved by the Village Clerk, conditioned to indemnify and save harmless any person dealing with any such solicitor against any damage or loss which he or she may suffer by reason of the failure of any such good, wares, merchandise or services to be delivered, or by reason of any false or fraudulent representation which such solicitor may have made with respect to the same. No license shall be issued to any solicitor until the bond required hereby shall have been deposited with and approved by the Village Clerk.
(B) Deposits of money or bonds made with the Village Clerk as required by the provisions of this section shall be subject to the claims of creditors in all cases where a judgment has been obtained against such licensee and the date for the appeal of such judgment has expired. In such cases, garnishment proceedings may be commenced against the Village Clerk. It shall be the duty of the Village Clerk to remit to any court any balance of such cash deposit remaining in his or her hands not exceeding the amount of the judgment for the purpose of satisfying the same. Any balance of such cash deposit remaining in the hands of the Village Clerk for a period of six months after the expiration of the license shall be remitted to the licensee. Any license issued under the provisions of this section shall expire and be void as soon as the amount of the bond filed with the Village Clerk shall have been diminished or used in whole or in part because of suits as provided for above.
(Ord. 110, passed 5-13-1992)