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<br /> <br /> i <br /> <br /> ARDEN HILLS CODE <br /> <br /> C. 48. Surety bond, other security. <br /> m <br /> tA ~ surety bond, liability insurance policy, or in lieu <br /> ~ cash or United States Government Bonds of <br /> 0 or it market value shall accompany each application <br /> on ~ nse required by the provisions of this division, the <br /> A <br /> .d ~coverable to be measured by the actual damages; <br /> <br /> 0 o however, that in no case shall such surety be <br /> iny amount in exceas of the penal amount of the <br /> m °o 4icy. <br /> ~ o <br /> xch bonds or policies shall be for the benefit of <br /> ~ and all persons suffering daxnages by reason of <br /> )f the conditions of the bond. In the event of the <br /> r4 ~ ' any such bond or policy for violation of law, the <br /> ~Ln )rfeit the penal sum of the bond or policy or any <br /> N ~ 3 the city. <br /> U0) o d~ curity offered under paragraph (a) shall be <br /> a w`''' '4 91 the city council and in the case of applicants <br /> U o ~enses by the state liquor control commission- <br /> d~ p° 0 ~4 nds and liability insurance policies shall be <br /> ~ y a oo 3 form by the city attorney. The operation of <br /> ~Ul°o )r on sale liquor business without having on <br /> 3~,~ es with the municipality an effective bond, <br /> p40-' n4 y, or other security as required in paragraph <br /> , ~o ~ c0 )unds for immediate revocation of the license. <br /> a ~ nds or other security shall be in the sum of <br /> ~~:3 ~ o ollars ($5,000.00) for an applicant for an on <br /> d~°p-*' three thousand dollars ($3,000.00) for an off <br /> ~ ~ '4 0 ~ 1 such bonds or other security shall be <br /> M+ y v Alowa: <br /> ~ ~ d licensee will obeY the law related to such - <br /> ~ <br /> ~ ~ N y <br /> 2 sinesa; <br /> O V <br /> 0 censee will pay to the municipality when <br /> o y license fees, penalties, and other chargea <br /> S v- law; <br /> 0 <br /> ce:3~~, event of any violation of the provisions of <br /> W A~ ing to the retail off sale and on sale of <br /> quor, such bond, policy, or other security <br /> ~ ted to the city. <br /> ~ 136 <br /> ~ <br /> ~ ~ <br />