§ 5.08.320. Bond; exemption; insurance.

A.

Each and every applicant for a license under this chapter shall simultaneously, with the application therefore and prior to the issuance thereof, execute and deliver a bond in the penal sum of two thousand dollars ($2,000.00) to the City as obligee, conditioned for the faithful performance of the provisions of this Code and of the laws of the State relating to the sale of alcoholic liquor, and the payment of all taxes in connection therewith, fines and penalties by reason of the violation thereof. The maximum liability of any and all securities on such bond shall be limited to the penalty thereof the sum of two thousand dollars ($2,000.00).

B.

Every applicant for a license or renewal under this article shall submit with the application therefor, and prior to the issuance thereof, a certificate of insurance listing the City of Collinsville, Illinois, as certificate holder; said certificate shall show coverage for liquor liability in accordance with 235 ILCS 5/6-21. Every licensee shall maintain such a policy in existence, and failure to maintain such a policy of insurance may be the basis for immediate revocation of a license under this chapter.

(Ord. No. 18-77, § 1, 8-13-2018)