Each person who engages in the business of peddling or soliciting under this chapter and who demands, accepts or receives payment or deposit of money in advance of delivery of the goods, merchandise, magazines, papers, periodicals or services shall first file a cash deposit or bond with the City Finance Department. The bond shall be in the amount of five thousand dollars ($5,000.00) and executed by the peddler/solicitor and a surety company admitted to the surety business of this State. The bond shall be conditioned upon the delivery of the ordered goods, merchandise, papers, periodicals or services in accordance with the order, or the refund of the advance payment on the order. The bond shall name all persons residing in the City as obligees. Any resident person aggrieved by the action of a peddler/solicitor shall have a right of action on the bond or cash deposit for recovery of the money advanced, or damages, or both. The bond shall remain in full force and effect, and in case of a cash deposit shall remain on deposit with the City, for a period of ninety (90) days after the expiration of the permit issued under this chapter.
(Ord. 12-004)