§ 6.80.050. Bond required.

Before any license shall be issued under this chapter, the applicant therefor shall file with the department of business license a surety bond which may be executed by a surety company authorized to do business in this state in the penal sum of ten thousand dollars, or by two individual sureties owning property within Clark County, Nevada, the aggregate unencumbered value of which equals at least twenty thousand dollars, pledging the property for the purposes set forth in this section. Such bond shall first be approved by the district attorney as to the form and legality thereof, and shall be conditioned that the licensee shall pay the unit fee promptly in accordance with Section 6.80.070 hereof, and that the licensee will indemnify the county and all other persons for any loss sustained thereby by reason of the violation by the licensee of any of the provisions of this chapter. In the event of any recovery under such bond, the same shall be immediately restored to its original penal sum or a substitute bond furnished in the form and penal sum originally required.

(Ord. 709 § 114, 1980: Ord. 621 § 127, 1979: Ord. 372 § 7, 1971)