Providing for the Regulations & Licensing of Transient Merchants

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meaning of this ordinance. Any such person, firm or corporation claiming not to be a transient merchant, which claim shall be set forth in affidavit and filed with the controller, may be required by said controller to file a bond in the amount hereinafter set forth, conditioned that the principal and surety will pay all license fees due under this ordinance if such person, firm or cor- poration carries on businees in the city of South Bend for a period of less than one hundred twenty (120) days. Provided that no lia- bility shall be incurred on said bond while the persons responsible under the provisions of section 3 of this ordinance for the payment of license fees as transient merchants hold themselves available at a given address where they can be found in the city of South Bend, Indiana, for a period of one hundred twenty (120) days after engaging in business, to answer the complaint of said city for the violation of this ordinance. The amount of said bond, within the limits of a minimum of three hundred ($300.00) dollars and a maxi- mum of fifteen hundred (41500.00) dollars, shall be equal to ten percent (10%). of the stock of" goods and fixtures used in said business as shown by verified statement of the inventory thereof to be filed in the office of the city controller with the bond. Said bond may either be a personal or surety bond but no personal surety shall be accepted unless same shall show the ownership in fee of property, the value of which -small be, over and above all en- cumbrances, twice the amount of said bond. No surety company shall be accepted as surety unless the same be duly authorized to execute . bonds of such nature within the State of Indiana as shown by the statement of the agent thereof. Nothing in this section shall limit the license fees of transient merchants or the liability for non- payment of same under sections 3 and 5 of this ordinance. Section 5, Every person, either as principal or agent who shall in any manner engage in, do or transact any business as a transient merchant, without having first obtained his license -3-