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Form a Business

Bond.

Oklahoma City Municipal Code § 54-164
in effect
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§ 54-164. - Bond. (a) Every person applying for a license to engage in or carry on the business of pawnbroker shall, before the license is issued to him, enter into a bond with the City, with approved sureties, in the penal sum of $1,000.00, conditioned that the applicant will strictly observe all laws, regulations and requirements in relation to pawnbrokers or their business, and will pay all costs, fines and penalties incurred on account of his failure or neglect in that regard and will pay all damages to any person by reason of the pawnbroker wrongfully taking, purchasing or receiving in pledge or on deposit any stolen property, or the property of any minor. (b) The bond shall be filed with the City Clerk and may be sued upon by any person damaged as aforesaid in the name of the City for the benefit of such person, but in no event shall the City be liable for the costs of such suit. (Code 1970, § 9-221; Code 1980, § 54-119)

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54-164 | Corpus