§ 691.08 — Bond

§ 691.08 Bond

Every licensee shall deposit with the Commissioner of Assessments and Licenses a bond in the penal sum of five thousand dollars ($5,000.00) with a solvent and responsible surety company authorized under the laws of the State as surety thereon, acceptable to and approved by the Commissioner and Director of Law, conditioned upon the faithful observance by the licensee, his or her agents, employees, concessionaires and lessees of all of the provisions of law and ordinance relating to the operating of karting parks, and further conditioned that the licensee will indemnify any person who has secured a judgment based upon damage or loss, other than personal injury or death, by reason of the operation of such karting park, the aggregate liability of such bond not to exceed the penal sum thereof. (Ord. No. 338-62. Passed 4-9-62, eff. 4-12-62)