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It is unlawful for any person to engage in the business of auctioneer within the city without first procuring a license to do so. Such auctioneer shall execute a bond to the city with corporate surety in the sum of five hundred dollars ($500) conditional for the faithful observance of all laws and ordinances of the city and the honest performance of all duties required by ordinance and the protection of all persons dealing with such auctioneer against all fraud, deception and imposition; said bond to be approved by the city council and filed with the city recorder. (Ord. 98-1, repealed and replaced, 2000; Prior code §4-l)