Before any mercantile license as provided for by this chapter shall be issued for a transient merchant, itinerant merchant, itinerant vendor, peddler, solicitor, canvasser or handbill distributor, the applicant for said mercantile license shall file with the Borough Clerk of the Borough of Lindenwold a bond running to the Borough of Lindenwold in the sum of $2,000, executed by the applicant as principal and a surety company licensed to do business in the State of New Jersey as surety, which bond is to be approved as to form by the Borough Solicitor and conditioned as follows:
A. Applicant shall comply fully with all the provisions of this chapter of the Borough of Lindenwold and the statutes of the State of New Jersey respecting the applicant's business.
B. Provide for payment of all judgments and costs rendered against such applicant for any violation of said chapter and statutes.
C. Provide for payment of all judgments and costs rendered or recovered against applicant or any of his agents, servants or employees for damages growing out of any tort or crime committed by the applicant or any of his agents or employees on any person in the Borough of Lindenwold while engaged in business within the Borough and for damages growing out of any misrepresentation or deception practiced on any persons transacting such business with such applicant, whether such misrepresentations or deceptions were made or practiced by the applicant or by his servant, agent or employee, either at the time of making the sale or through any advertisement of any character whatsoever printed or circulated with reference to the goods, wares and merchandise sold or any part thereof.
D. Provide that all money paid as a down payment will be accounted for and applied according to the representation of the applicant or his agents, servants or employees, and further guarantee to any citizen or resident of the Borough of Lindenwold doing business with the said applicant or his servants, agents or employees that the property purchased will be delivered according to the representation of the applicant or his agents, servants or employees.