A surety bond filed as herein required may be canceled only by service of a written notice upon the Clerk not less than five days prior to the effective date of the cancellation; and the holder of a private patrol system permit and his or her private patrol watchperson, thereby secured, shall be ipso facto suspended upon the cancellation of the bond, until such time as another bond is filed as herein reacquired in the first instance.
(1995 Code, § 5.64.130)