Any bond given by any person to the City, under its license ordinances, shall before a license is granted, be approved by the Director of Finance or one of his deputies, and the Director of Finance shall investigate the sureties on any license bond, and if satisfied that the same are good shall approve such bond. This shall apply to all bonds that must be approved, irrespective of any provision to the contrary in any ordinance requiring a license to give a bond.
(1952 Code § 25-1-4)