Before any license shall be issued, the applicant therefor shall file with the commission
a surety bond, which may be executed by a surety company authorized to do business
in the State of California, in the penal sum of $1,000.00, Such bond shall be conditioned
that the licensee shall pay the license fee imposed by Section 7.85.050 and that the licensee will indemnify the county and all other persons for any loss
sustained thereby by reason of the violation by the licensee of any of the provisions
of this chapter or failure to provide refund upon cancellation. In the event of any
recovery under such bond, the same shall be immediately restored to its original penal
sum, or a substitute bond furnished in the form and penal sum originally required.
