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(b) Except as provided in subsection (a) above, any corporate or partnership officer, as defined in section 58.1-3906 of the Code of Virginia, or any other person required to collect, account for, or pay over such tax, or who willfully evades or attempts to evade such tax or payment thereof, shall, in addition to any other penalties imposed by law, be guilty of a Class 1 misdemeanor. (c) Each such violation of or failure to comply with this article shall constitute a separate offense. Conviction of any such violation shall not relieve any person from the reporting, payment, collection or remittance of the tax as provided in this article. Sec. 35.417. Requirement of bond or letter of credit; authority of the commissioner of the revenue. (a) The commissioner of the revenue shall require all new food establishments, as defined in this article, to post annually a bond with corporate surety to ensure faithful performance of the establishment's duties to the city as to meal taxes collected and held by the establishment. The bond, including the corporate surety thereon, shall be in a form deemed satisfactory by the city attorney. For such new food establishment, the amount of the bond shall be equal to the sum total of the meal taxes to be collected on estimated gross receipts for the first quarter of operation as shown on the application for business license. Notwithstanding the foregoing provisions, no such bond shall be issued or accepted in an amount less than one thousand dollars ($1,000.00). (b) The commissioner of the revenue shall require all existing food establishments, as defined in this article, with unsatisfactory reporting or remittance records to post annually a bond with corporate surety to ensure faithful performance of the establishment's duties to the city as to meal taxes collected and held by the establishment. The bond, including corporate surety thereon, shall be in a form deemed satisfactory by the city attorney. The bond shall be in an amount not less than the sum total of the meal taxes collected by the establishment during the highest quarter of the previous tax year. Notwithstanding the foregoing provisions, no such bonds shall be issued or accepted in an amount less than one thousand dollars ($1,000,00). (c) The commissioner of the revenue is authorized to develop, implement and utilize such forms, regulations and procedures as may be useful and expedient in implementing this section: The commissioner may accept an irrevocable letter of credit in lieu of the required bond; provided, that the letter of credit is reviewed and approved by the city attorney. 2. That Chapter 35 of the Code of the City of Portsmonth, Virginia (1988) be amended by adding thereto new Sections 35-407.1 and 35-407.2 to read as follows: