An application for the license required by this article shall be accompanied by a
bond in the penal sum of $2,000.00, signed by the applicant and signed, as surety,
by some surety company authorized to do business in the state, conditioned upon the
making of the final delivery of the goods, wares, merchandise, photographs, magazines,
or newspapers ordered, or services to be performed, in accordance with the terms of
such order, or failing therein, that the advance payment on such order be refunded.
(b)
Such bond shall remain in full force and effect, and in case of a cash deposit, such
deposit shall be retained by the city for a period of six months after the expiration
of any such license. In case the applicant is engaging in any business through agents
or employees, such applicant shall be required to enter into only one bond in the
sum of $2,000.00, which bond shall cover the activities of all of his agents or employees.
