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 Minneapolis
 Code of Ordinances
 Title 13. LICENSES AND BUSINESS REGULATIONS
 Chapter 259. IN GENERAL

  § 259.180. Continuing bonds for licenses.  

Latest version.

  • (a) Bonds for more than one (1) year. Wherever under the terms of this Code an applicant for a license is required to furnish to the city a surety bond, and where the licensee intends to carry on this business for more than one (1) license year and to apply for a license annually, such licensee shall, at the time of obtaining the license required, furnish a bond to cover the current annual license and any future annual licenses for such business.

    (b)

    Terms of bond. The bond shall, in addition to other terms and conditions, contain the following:

    "Provided, however, it is hereby expressly understood and agreed that nothing herein contained shall be deemed or construed to reduce the liability hereunder below the above stated penal sum for the said license period, and the like sum for each and every succeeding annual license period for which said principal shall be licensed, the same as if a new bond in the same sum were executed for each and every separate license period. It is further expressly understood and agreed that the liability of the surety hereon to any and all persons incurred in any one (1) license period shall not exceed the above stated penal sum.

    "It is further provided, that it is the intention of the parties that this bond is to be a continuing bond furnished as required for the issuance of the license for the current year and for each succeeding year. This bond may be cancelled at any time upon giving the said principal and the licensing official of the City of Minneapolis thirty (30) days' written notice, said notice to be served by registered mail, whereupon, except as to any liabilities or indebtedness incurred, or accrued, prior to the termination of this said thirty (30) days' notice, the liability of the surety under this bond shall cease."

    (c)

    Exception. This section shall not apply to any bonds required for "off sale" liquor licenses. (Code 1960, As Amend., §§ 305.010—305.030; Pet. No. 251179, § 4, 12-29-89; 2009-Or-130, § 13, 11-13-09; 2013-Or-166, § 14, 12-6-13)