Before any license shall be issued as provided by this article, the applicant shall
furnish in writing a good and sufficient bond in the sum of one thousand dollars ($1,000.00)
to be approved by the city attorney. Such bond shall be conditioned that the holder
of the license shall well and truly pay to the mayor or his successors in office,
any final judgment that may be rendered against such licensee not to exceed the amount
of the bond, for the benefit of every person who may recover a final judgment against
the licensee, arising and growing out of any material false or fraudulent representation
of the licensee, his agents, servants or employees concerning transportation to be
furnished or the person furnishing such transportation in connection with the conduct
of the business licensed under this article; and further conditioned, that any person
having a cause of action against the obligor of such bond arising and growing out
of the conduct of the business licensed under this article may sue in his own name
and recover on such bond without the joinder of the city or the mayor therein; and
further conditioned, that such person may sue and recover upon such bond from time
to time until the full amount is exhausted.
(Ord. No. 19004, § 8, 4-30-53; Code 1959, § 39-8)
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