§ 5.16.050. Bond.

A.

Solicitors that require cash deposits or payment for future delivery or who require a contract or agreement to finance the sale of goods or services for future delivery, or for services to be performed in the future, shall furnish to the city a bond with the application in the amount determined in subsection C of this section, signed by the applicant and surety company authorized to do business in Texas, conditioned:

1.

For the final delivery of goods or services in accordance with the terms of any order obtained;

2.

To indemnify purchases for defects in material or workmanship that may exist in the goods sold and that are discovered within thirty days after delivery;

3.

For the use and benefit of persons that make a purchase or give an order to the principal of the bond or to the agent or employee of the principal of the bond.

B.

If the applicant is a person, firm or corporation engaging in solicitation activities through one or more agents or employees, only one bond is required for the activities of all the agent or employee solicitors.

C.

The amount of the bond is determined by the number of solicitors acting as agents or employees of the same person, firm or corporation as follows:

1—3 solicitors	$500.00
4—6 solicitors	750.00
7 or more solicitors	1,000.00

 

(Ord. 1014 § 1 (part), 1998)