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Form a Business

Bond.

Oklahoma City Municipal Code § 54-34
in effect
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§ 54-34. - Bond. (a) Every person applying for the license required by the provisions of Section 54-31(a) to engage in or carry on the business of an automobile or merchandise salvage dealer shall, before such a 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 shall strictly observe all laws and ordinances regulating the licensed 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 resulting to any person by reason of the dealer wrongfully purchasing or receiving 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, § 9-35; Code 1980, § 54-34; Ord. No. 19623, § 2, 7-30-91)

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54-34 | Corpus