(A) No person shall carry on the business of doing private detective or security work in the city without having first secured a permit from the City Clerk/Treasurer, upon approval of the permit application by City Council, and executing the bond provided for herein.
(B) Before the permit provided for herein is issued to any person, a bond with surety to be approved by the City Council shall be executed in the sum of $5,000 payable to the city for the use and benefit of any person who shall be injured or damaged by an illegal act of the detective or security agency, or by its owners, operators, employees or agents in carrying on the business.
(C) When a permit is issued to a detective or security agency, and proper bond has been executed, employees of the agency shall not be required to secure a permit or execute bond.
(D) Personal liability insurance shall also be carried by the agency in the amount of $10,000 per person, $300,000 per incident and $10,000 property damage. The insurance shall also include all agents and employees of the agency. Proof of insurance must be submitted to and approved by the City Council.
(Prior Code, § 114.02) Penalty, see § 114.99