No hawker or peddler shall sell goods, wares or merchandise in the city unless such
hawker or peddler has posted a bond with the city clerk in an amount to be determined
by the city manager, sufficient to protect the city against any suit, action or proceeding
in which the city may be a party as a result of any act or failure to act on the part
of such transient vendor while operating within the territorial limits of the city.
Said bond specified in this subsection shall be subject to the approval of the city
manager and shall be in a form approved by the city solicitor.
(b)
A liability insurance policy issued by an insurance company authorized to do business
in the state and substantially conforming to the requirements of this section may
be substituted for the bond described in subsection (a) of this section.
(Code 1994, § 9-85)
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