§ 23-25. Applicant's bond.

(a)

Reserved.

(b)

After a vehicle dealer has procured a license to operate a business within the city and has operated such business continuously for a period of one year, the bond required by this section may be waived by the city council, after due hearing to consider same. After the expiration of such one-year period, any vehicle dealer who desires to have the bond waived shall give written notice to the city secretary of such desire and thereupon the city council shall set a time and date for a hearing thereon. At such hearing the burden of establishing that such bond should be waived shall be on the dealer. At any time, after a bond is waived, the dealer may be required to reinstate the bond, upon a hearing held by the city council, after due notice is given to such dealer, if, in the judgment of the city council, the requirement of a bond is necessary for the protection of either the city or of any person or persons who have or may have dealings with such dealer.

(Ord. No. 2004-27, § 2(Att. 1), 8-17-04; Ord. No. 2004-30, § 1, 9-7-04; Ord. No. 2011-24, § 5, 7-26-11; Ord. No. 2011-43, § 2, 12-27-11)