Any eligible person, firm or corporation may obtain a license to do business as a professional bondsman from the Director of Finance on payment of an annual license fee of one hundred fifty dollars ($150.00) and the furnishing of a surety bond in accordance with the provisions of Section 751.04. All licenses issued hereunder shall be for the period of the fiscal year which shall expire on March 31 of each calendar year and shall not be prorated. If a licensee's license bond for any reason becomes ineffective, the license shall be suspended and of no effect, unless and until a renewal bond or a new bond shall be furnished in accordance with Section 751.04.
(1952 Code § 25-46-3; Ord. 145-76)