Chapter 1.24
SURETY BONDS

Sections:

1.24.010    Surety bonds – Requisites.

1.24.010 Surety bonds – Requisites.

That from and after the taking effect of this chapter in all cases where bonds, undertakings, or other security is required by any law or laws of the state of Washington, or any ordinance or ordinances of the city of Wenatchee, to be executed or given as security for the performance of any act, contract, agreement or obligation or duty, official or otherwise, or as security for the faithful or full performance or lawful conduct of any business, occupation, franchise, license, ordinance, or privilege, or the observance of any law or laws, ordinance or ordinances or regulation of the state of Washington, or the city of Wenatchee such bond, undertaking, or other security, so far as the same shall or may run to or be for the use or benefit of the city of Wenatchee, shall be executed by a responsible surety company, duly authorized to transact business in the state of Washington as surety thereon.

No individual or individuals shall hereafter be accepted or approved as surety upon any such bond, undertaking or other security, except where expressly so provided otherwise by the laws of the state of Washington, or as shall hereafter be provided by the ordinances of the city of Wenatchee; provided always, that in lieu of such surety bond undertaking or other security there may be deposited with the city clerk of Wenatchee lawful money of the United States of America to the full amount of the bond, undertaking or other security so required or necessary to be executed; or in lieu thereof valid and current general fund warrants of the city of Wenatchee may be so deposited. (Ord. 251, 1908; Ord. 226 § 1, 1908)