§ 4-7.1405. License Fee: Surety Bond or Savings and Loan Certificate and Share.

Any applicant for a license hereunder shall submit to the Director with his application a license fee of One Hundred and no/100ths ($100.00) Dollars, together with a corporate surety bond, payable to the City in the penal sum of One Thousand and no/100ths ($1,000.00) Dollars, conditioned upon compliance with the provisions of this article.

In lieu of furnishing a corporate surety bond, the applicant may furnish to the City a savings and loan certificate and share in a form approved by the City Attorney as provided by Article 6 of Chapter 4 of Title 2 of the Modesto Municipal Code.

(a)

Exemption: Removal Sales. Any applicant for a license to conduct a removal of business sale under this article shall be exempt from payment of a license fee provided applicant files with his application an affidavit containing the following information:

(1)

A statement that applicant has engaged in business at the premises where such sale is to be held for a period of not less than one year immediately prior thereto.

(2)

A statement that applicant intends to operate said business at a designated new location within the City for a period of not less than one year following the termination of the removal sale.

(Added by Ord. 240-C.S., amended by Ord. 348-C.S., and Ord. 546-C.S., effective 12-25-62)