§ 18-215. Bond.

Latest version.

No license for a sale defined in section 18-211 shall be issued unless there is filed with the city manager or his designee a bond in an amount equal to ten percent of the inventory value of all the goods to be offered at such sale. Such bond shall be conditioned upon:
(1)

The faithful observance of all applicable provisions of the section.

(2)

The indemnifying of any purchaser at such sale who suffers any loss by reason of any misrepresentation made in connection with such sale.

Such bond shall be approved as to form by the city attorney and as to sufficiency by the city manager or his designee.

(Ord. No. 95-2995, § 2(20-23 F.), 6-7-95)

                    
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