5.07.070 - Bond Required Prior to License Issuance.

Every applicant for an Auctioneer's license shall file with the City recorder a surety bond running to South Salt Lake City, in the amount of five thousand dollars ($5,000.00) and approved by the City Attorney conditioned that if an Auctioneer's license is issued the applicant shall: (1) comply fully with all ordinances of the City South Salt Lake and statutes of the state of Utah regulating and concerning Auctions and Auctioneers, will render true and strict accounts of all sales to any Person or Persons employing him to make the same; or (2) not commit any fraud or deceit at any Auction sale or permit any Person in his Employ to commit any such fraud or deceit, and shall pay all damages sustained by any Person by reason of any fraud, deceit, negligence, or other wrongful act on the part of the licensee, his agents, or employees in the conduct of any Auction or in the exercise of the calling of an Auctioneer. A liability insurance policy issued by an insurance company authorized to do business in the state of Utah that conforms to the above requirements may be permitted by the City Attorney in his discretion in lieu of a bond. An Auctioneer employed by a Person holding an Auction House license or a Transient Auction House license, in lieu of filing a bond or certificate of insurance, may file a notarized affidavit from the license holder that affirms that the applicant is an Employee, that such license holder is responsible for all actions of his Employee, and that the Employee is covered by a valid bond as above required.

It is unlawful for an Auctioneer who files a certificate of employment with an Auction House licensee or Transient Auction House licensee to conduct an Auction except under the direct supervision of the licensee.

(Ord. No. 2020-02, § II(Exh. A), 1-8-2020)