§ 110.18 BONDS; FEES.
   (A)   Bond.
      (1)   Every nonexempt applicant who is not a resident of the county, owns no real property in the state, or represents a firm that owns no real property in the state shall furnish to the Town Clerk a cash bond or an acceptable surety bond as a condition precedent to obtaining a license. However, no bond shall be required for less than $100 nor more than $1,000.
         (a)   All bonds shall be payable to the town and/or any person establishing a valid claim against the licensee in any court of law obtaining jurisdiction of the parties; provided, such claim shall have arisen from or been caused by any of the activities for which this license shall have issued. All cash bonds shall expire 60 days after the license period ends and, thereafter, shall be immediately refunded to the former licensee.
         (b)   All surety bonds shall expire 12 months after the license expires. The purpose of these bonds is to protect the town, its residents, or visitors from losses they might suffer from licensed activities and have no way of obtaining legal jurisdiction of the guilty party or parties in order to recover such loss.
      (2)   The bond required in this division (A) is not intended to unreasonably impede with interstate commerce. This provision is intended for a reasonable exercise of the town’s police powers to protect the general welfare of its town and residents.
(Prior Code, § 8-48)
   (B)   License fees.
      (1)   No license shall be issued until a license fee has been paid. A license fee of $25 shall be charged for any peddler, and a license fee of $50 shall be charged for any transient merchant.
      (2)   Any licensee may apply for a renewal or an extension of the license period without submitting a new application upon payment of the license fee for the extended period of time to the Town Clerk and provided that the licensee has not violated any ordinances of the town or any state or federal law.
      (3)   All license fees shall be paid in full at the beginning of the license period. No license shall be issued at any one time for longer than 12 months. The annual fees herein provided shall be assessed on a calendar-year basis, and on or after July 1, the amount of such fee for an annual license shall be one-half the amount stipulated in division (B)(1) above for the remainder of the year.
(Prior Code, § 8-49)
(Ord. 3-78, passed 3-11-1978; Ord. 6-97, passed 10-2-1997)