§ 7.24.440. Bond—Amount of liability—Payment conditions.

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The total aggregate liability on the bond described in Section 7.24.430 shall be $2000.00. 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 on the part of the principal, by any donor or by any person on whose behalf the funds or personal property were solicited or received by the principal.

(Ord. 9678 § 2 (part), 1968: Ord. 5860 Ch. 18 Art. 6 § 3174, 1951.)

                    
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