§ 5.04.190. Bonding of licenses.

Bonds shall be required before any license is issued to the following applicants for license:

A.

Solicitor, and transient photographer, when he receives, demands or accepts money in advance of final delivery for merchandise;

B.

Used Car Dealer. The bonds shall be in the penal sums hereinafter mentioned and shall be executed by a surety company authorized to do business in this state, approved by the city treasurer and posted with him, and shall remain in full force and effect for a period of not less than six months after termination of license.

For a solicitor the bond shall be one thousand dollars, for a transient photographer, one thousand five hundred dollars, and for used car dealer, five thousand dollars. In case of the solicitor and photographer the bond shall be conditioned upon the final delivery of the goods and services to be performed, in accordance with the terms of the order given such solicitor or photographer, or failing therein, the advance payment on such order shall be refunded.

The bond for the used car dealer shall be conditioned to be paid to the city, or any person entitled against loss or damage that may result to any person from any transaction involving a motor vehicle by the dealer through failure to deliver a clear title to the person legally entitled thereto within ninety days after final payment. Such bond shall provide that it not be void upon first recovery but may be sued and recovered upon from time to time by any person aggrieved until whole penalty is exhausted. (1959 Code §3600).