§ 18-6. Junk dealer license; bond required.

No license required by this chapter shall be issued until the applicant shall first file with the city auditor a bond, in such amount as established from time to time by resolution of the city council, issued by a surety company authorized to transact business in the state. Such bond shall be approved as to legality and form by the city attorney and as to sufficiency by the city auditor. Such bond shall be conditioned to protect, indemnify, and save harmless the city from any and all loss, claims, suits, and damages, direct or consequential, the city may sustain by reason of violation of this Code or any rules or regulations that may be in force from and after the filing of such bond, and also as a guarantee of the faithful and proper performance of all work done by such person or his employees, and further conditioned that he will pay all damages that may occur to any person arising out of the conduct of such business. Such bond shall be renewed each and every year, and the term of such bond and license shall at all times run concurrently and expire on the same date so that the term of either the bond or license shall not overlap and extend beyond that of the other.

(Ord. No. 301, § 4; Ord. No. 1105, 10-1-95; Ord. No. 1167, 2-1-99)