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AN ORDINANCE PROVIDING FOR REGULATIONS AND SALE OF COUPON BOOKS WITHIN THE CITY LIMITS AND FOR OTHER PURPOSES
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Section 1: It shall be unlawful for any person to engage in the solicitation of any business in regard to any coupon or coupon book, or to enter into any contract or agreement in regard to any coupon or coupon book, or to sell or to hold or possess for the purpose of sale any coupon or coupon book within the City without first having secured a license from the City Chief of Police authorizing the same.
Section 2: Any person, firm or corporation desiring a license under Section 1 hereof shall file with the Chief of Police a written application containing:
(1) The name and home address of each person seeking license and if a business partnership seeks said license, the name and home address of each partner in the business and if a corporation seeks the license, then the name and home address of each corporate officer.
(2) The address of business or premises to be used in Jonesboro.
(3) A detailed statement setting out the nature of the business proposed to be conducted in Jonesboro, as well as the proposed methods and manner pertaining to the proposed conducting of said business in Jonesboro.
Section 3: As a prerequisite to receiving a license under this Ordinance, the applicant or applicants, as the case may be, shall file with the Chief of Police a bond with sufficient sureties approved by the Chief of Police in the sum of Five Thousand Dollars ($5,000.00). Said bond shall be made payable to the City for the use and benefit of all patrons or customers of said license. The bond shall be conditioned for the faithful performance of the licensee’s promises and contracts made in the course of his business in the City, and said bond shall further provide that any person injured by the breach of any obligation which said bond secures may sue on such bond in his own name to recover such damages as he may have sustained as a result of such breach.
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