The Auctioneer Bond is required by the City and County of Denver to ensure that the bonded principal will faithfully comply with all the requirements of Chapter 9 of the Denver Revised Municipal Code. The bond guarantees that principal pays all fines, penalties, and costs that may be adjudged against it for the violation of the terms of Section 9 of the Revised Municipal Code. The surety bond also indemnifies against damages to any person injured by any violation of the Section 9, or by a fraudulent or negligent act on the part of the principal (including agents or employees) arising from any offer to sell by auction, whether acting by virtue of a permit to sell jewelry by auction or otherwise.
