No license shall be issued under the terms of this chapter unless and until there shall have been deposited with the city recorder a corporate surety bond or cash bond in the sum of $1,000 conditioned upon compliance with the terms of this chapter, and upon saving harmless the city of North Bend from any and all liabilities or causes of action which might arise by virtue of the granting of a license provided herein, and that no damage will be done to the streets, sewers, public properties or adjoining properties, and that no dirt, paper, litter or debris will be permitted to remain upon any public or private properties. In the case of a cash bond, the moneys shall be returned to the licensee not earlier than 24 hours and not later than 48 hours after certification by the chief of police that the property used and adjacent public and private properties have been cleaned of all paper, litter and debris and after the cessation of all the licensed operations. (Ord. 1288 § 5, 1965)