Hawthorne Municipal Code Ch. 5.08 Bonds and Insurance

Whenever a surety bond is required to be filed with the city in connection with the issuance of a license or permit, such bond shall be delivered to the director of licensing and code enforcement or other office charged with issuing the license or permit. The surety on all such bonds shall be a corporation authorized to do business as such in the state. The bond shall obligate the principal, his executors, administrators, successors and assigns, jointly and severally, with the surety, and shall inure to the benefit of the city, its officers and employees, and to any person aggrieved by the principal's failure to comply with the conditions thereof. Such bond shall further provide that it will not be canceled or terminated until at least ten days' notice thereof has been filed with the director of licensing and code enforcement. No such bond shall qualify until it has been approved as to form by the city attorney.

(Prior code § 5-200.; Ord. 1284 § 1, 1983; Ord. 1903 § 1, 2007)

Whenever a policy of insurance is required to be filed with the city in connection with the issuance of any license or permit, such insurance policy shall be delivered to the city clerk or other officer charged with issuing such license or permit. Such policy shall be issued by a solvent and responsible insurance company authorized to do business in the state and shall insure the licensee or permittee against loss by reason of injury or damage to persons covered thereby, guaranteeing the payment of any and all final judgments rendered against limits of the policy, irrespective of the financial condition or any acts or omissions of such licensee or permittee. Such policy shall further provide that it will not be canceled or terminated until at least ten days' notice thereof has been filed with the city clerk. No such policy of insurance shall qualify until it has been approved as to form by the city attorney.

(Prior code § 5-201)