§ 10-36. Bond.

Latest version.

Before issuing a special business license under this article, the city council shall require the applicant, as a condition to the issuance of the special business license, to post with the city a cash bond in the sum of $1,000.00 or a surety bond in the same amount furnished by a corporate surety authorized to do business in the state payable to the city. The bond shall guarantee that the licensee shall redeem all chips for cash, and the bond shall be kept in full force and effect by the licensee throughout the term of the license.

(Ord. No. 97-01, § 2(4.22.050), 1-2-1997; Ord. No. 97-13, § 2, 3-26-1997; Ord. No. 97-17, § 2, 9-24-1997; Ord. No. 2002-08, § 3, 9-11-2002)

                    
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