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Section 18-56. Bond or letter of credit required o~ dealers when permit is obtained. A. Every dealer shall secure a permit as required by Section 18-57, and each dealer at the time of obtaining smch permit shall enter into a recognizance to the 'City secured by a corporate surety authorized to do business in the Commonwealth, in the penal sum of ten thousand dollars ~($iO,O00.), conditioned ~pon due observance of the terms of this division. In lieu of a bond, a dealer may cause to be issued by a bank authorized to do business in the Commonwealth of Virginia a .letter of credit in favor of the City in the sum of ten thousand'dollars ($10,000.). B. A single bond upon an employer or principal may be written or a single letter of credit issued to cover all employees and all transactions occurring at a singl? location. C. If any person shall be aggrieved by the conduct of any dealer who have violated the provisions of this Division, he may maintain an action for recovery of_any Court of proper ~uris- diction against such dealer and his surety, provided that re- covery against the surety shall be only for that amount of the judgment, if any, which is unsatisfied by the dealer. Section 18-57. Permit required~ method of obtaining permit; no convictions of certain crimes; .approval of weighing devices; renewal; permanent location required. /%. No person in ~he City of Portsmou~_h shall engage in the activities of a dealer as defined in Section 18-50 without first obtaining a permit from the Chief of Police. B. Te obtain a permit, the dealer shall file with the Chief o~ Police an application form which shall include the dealer's full name, any aliases, address, age, sex, and fingerprints; the n'ame, address~ and teleDhone number of the applicant's employer, if any; and the-location of the~ dealer's place of business. Upon filing this application and the payment of a two hundred dollar ($2OO.) application fee, the dealer shall be issued a permit by the Chief of Police or his designee, provided that the applicant has not been convicted of a felony, or crime of moral turpitude within seven years prior to the date of application. The permit shall be denied if the applicant has been denied a permit or has had a permit revoked under any ordinance similar in substance to the provisions of this chapter. C. Before a permit may be issued, the dealer must have all weighing devices used in his business inspected and approved by local or State weights and 'measures officials and present written evidence of such approval~to the Chief of Police.