§ 6.76.070. Bond required.

(a) No license shall be issued until the applicant files with the director of business license a surety bond executed by such applicant with two or more sufficient sureties or by a surety company authorized to do business in this state, in the sum of two thousand dollars conditioned for the faithful and honest conduct of the business of burglar alarm system. Such bond as to its form, execution, and sufficiency of sureties shall be approved by the board.

(b)

The bond requirement of this chapter shall not be required of the businesses of burglar alarm systems presently operating with a valid license, but shall be required as a condition precedent to renewal of any such license.

(c)

The bond required shall be taken in the name of the people of the state and every person injured by the wilful, malicious or wrongful act of the principal may bring an action on the bond in his own name to recover damages suffered by reason of such wilful, malicious or wrongful act.

(d)

Every licensee shall at all times maintain on file the surety bond required in full force and effect, and upon failure to do so the license of such licensee shall be forthwith suspended until such bond is furnished.

(Ord. 709 § 112, 1980: Ord. 621 § 125, 1979: Ord. 354 (part), 1970)