Each person applying for a retail dealer’s liquor license under this chapter, shall execute a penal bond in the sum of $1,500 with at least two personal securities or a solvent surety company licensed to do business in the state, to be approved by the Village Board. Said bond shall be filed with the Village Clerk at the same time the application is presented, and shall be conditioned upon the faithful observance by the licensee of the provisions of this chapter and of the laws of the state and of the United States of America, applying to the sale and possession of alcoholic liquor. Said bond shall be refunded to the applicant if the application for a license is denied. If a licensee shall be convicted of the violation of any of the provisions of this chapter or the state’s Liquor Control Act of 1934, being 235 ILCS 5/1-1 et seq., or his or her license shall be revoked and no appeal is taken from said order of revocation or any appeal taken therefrom is decided adversely to the licensee, said bond shall thereupon be forfeited to the village.
(Ord. 06-101, passed 4-17-2006)