§ 6.36.040. Bond required.

(a) No permit, as required by this chapter, shall be granted unless the auctioneer and/or agent therefor shall have first paid to the director of business license at the time of filing their application the fees prescribed herein, and unless there shall first be filed by or in behalf and on the part of said applicant with the director of business license at the time of filing his application, a bond executed to the county by a surety company duly authorized so to do and authorized to do business in the state.

(b)

Where the property proposed to be sold is jewelry, as therein defined, the bond, in form, must be joint and several, and the penalty thereof must be a sum equal to one percent of the total invoice or wholesale value of the articles listed in the inventory, but not less than two thousand dollars, nor more than five thousand dollars in any event.

(c)

Where the property to be sold is other than jewelry, the penalty thereof must be two thousand dollars.

(d)

The bonds must be conditioned to be paid to the county or to any person suffering injury by reason of any violation of the provisions of this chapter, and that the auctioneer therein named and the auctioneer's agents, will faithfully conform to each and all of the rules and regulations prescribed by the board of county commissioners and director of business license for the conduct of auction sales and will abide by and conform to this chapter as then in force and/or thereafter amended. The bonds shall not be void upon the first recovery, but may be sued and recovered upon from time to time by any person aggrieved, in his own name, until the whole penalty is exhausted.

(Ord. 709 § 54, 1980: Ord. 621 § 63, 1979: Ord. 231 § 5, 1965)