Any peddler, solicitor, transient merchant, canvasser, or demonstrator, before any license is issued to any person, corporate or individual, firm or other entity, pursuant to this article, shall file with the Town Clerk a good and sufficient bond in the sum of one thousand dollars ($1,000.00) payable to the Town executed by two (2) or more good and sufficient sureties or by a surety company authorized to become surety on such bonds in the State or in lieu thereof shall file a cash deposit of one thousand dollars ($1,000.00) with the Town Clerk. Such bond or cash deposit shall be conditioned that the whole or any part of such sum of one thousand dollars ($1,000.00) shall be paid to any person failing to receive a delivery of goods ordered or services to be performed in accordance with the terms of any order given, for the amount such person has advanced as payment in whole or in part on any such order, and such bond or cash deposit shall be conditioned further that any person aggrieved by the action of any such person shall have a right of action against such bond for the recovery of money or damages or both. Every business, firm, company or corporation, which has employees or agents acting in the capacity of peddler, solicitor, transient merchant, canvasser, or demonstrator, shall file with the Town a blanket surety bond or cash deposit covering all such employees or agents and payable to the Town in the amount of five thousand dollars ($5,000.00). Such bond shall be retained by the Town for a period of ninety (90) days after the expiration of the license granted at the time of the filing of such bond and shall be paid to any person failing to receive a delivery of the goods ordered or services to be performed in accordance with the terms of any order given for the amount such person has advanced as payment in whole or in part on any such order, and such bond or cash deposit shall be conditioned further that any person aggrieved by the action against such bond for the recovery of money or damages or both. ((O)07-01, 01/17/2007)