[R. O. 1947, ch. 10, § 5]
No permit to remove from public streets, ways or places, wires, structures and other appliances for the transmission of intelligence by electricity or otherwise or for the purpose of light, heat or power and to place the same under such public streets, ways or places, in accordance with the provisions of Chapter 131 of the Acts of 1906, and acts in amendment thereof and in addition thereto, shall be valid until the person to whom such permit shall be granted shall have executed and filed with the City Clerk a bond, satisfactory in form to the City Solicitor and with surety approved in writing by the City Council in a penal sum of not less than $10,000 and conditioned to indemnify the City against and save it harmless from all loss, cost, damage or expense whatsoever, to which the City may be subject in consequence of the acts or negligence of such person, their agents or servants, which in any manner arises from or grows out of the use and transmission of electricity; the privileges permitted by the City; or the construction, maintenance, operation or use of lines, wires, cables, conduits, constructions, fixtures or apparatus. The bond shall also be conditioned to fulfill all agreements with the City; all the orders, conditions and obligations imposed by the Inspector of Wires; and all obligations and duties required by statute and by ordinance. A new bond of like import and with new surety shall be executed and filed whenever so requested by the City Council. Such new bond shall be a strengthening bond, unless the sureties on former bonds are expressly released from further liability by vote of the City Council.