§ 7.20.240. Requirements of bond.  


Latest version.
  • The total aggregate liability on the bond described in Section 7.20.230 shall be $5,000.00. The bond shall be conditioned upon the strict compliance, by the principal, with the provisions of this chapter, and the payment of any direct pecuniary loss sustained, through any act of grand or petty theft or other wrongful act on the part of the principal, his agent(s) or employee(s). The bond shall specify those individuals who are licensed as bingo manager of the principal.

(Ord. 11822 § 1 (part), 1978: Ord. 11571 § 2, 1977: Ord. 11488 § 1 (part), 1977: Ord. 5860 Ch. 23 Art. 2 § 3536, 1951.)