The licensee in addition to payment of fees required by this chapter, shall, prior to issuance of the permit, deposit with the city clerk, and shall maintain for a period of thirty days after the termination of activities under such license, either a cash bond in the sum of one thousand dollars or a surety bond in the amount of one thousand dollars. For carnivals containing fewer than twelve units the surety bond or cash bond shall be five hundred dollars. Any surety bond shall have been issued by a surety company and shall be in a form approved by the city attorney. Such surety bond or any cash bond shall be conditioned to cover any damage to city property by the operation of such carnival, the cleaning of the premises used for such carnival and of the immediate surrounding properties and streets of such litter and debris as may result from the operation thereof, and be conditioned to return the lot to its original condition or better, and to cause the removal, within forty-eight hours after the licensee leaves the city, of any signs, placards, or advertising matter placed upon any property within the city limits by authority of the licensee. Such bonds may be waived by the city manager when in his reasonable judgment, the conditions of and/or reasons for requiring such bonds have been satisfactorily met, such as where the carnival is run by a local nonprofit organization. (Ord. M-1422 §7, 1973)