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(1) Investigation. The director shall make, or cause to be made, an investigation of each application in order to verify facts contained in the application.

(2) Approval. After conducting said investigation, the director shall approve issuance of a fortune-telling license if it is found that:

(a) All the information contained in the application is true;

(b) The applicant has complied with all provisions of this chapter; and

(c) The applicant has not, within the previous six months, been convicted of any violation of this chapter or any crime relating to fraud or moral turpitude.

(3) Issuance of License. Upon approval of said license, the director shall thereafter issue the license when:

(a) The required license fee has been paid; and

(b) A bond is filed with the director in the principal sum of $10,000 executed by a corporate surety authorized to do business in this state, which bond has been approved by the city attorney. Such bond shall be given to ensure good faith and fair dealing on the part of the applicant and as a guarantee of indemnity for any and all loss, damage, injury, theft, or unfair dealing suffered by any patron of the applicant within the city during the term of the license. (Ord. 505 §§ 3, 8, 19. 2002 Code § 6-27.5).