(Rev. Ords. 1976, Pt. 2, Ch. 12, § 8; A0173-12)
Any person doing any work coming under the provisions of this article or constructing, maintaining or operating a telegraph, shall provide the city with a surety satisfactory to the city council in a penal sum not less than fifty thousand dollars ($50,000.00). Such bond shall be conditioned to indemnify and save harmless the city against all damage, cost, expense and loss whatsoever to which it may be subjected in consequence of the acts and neglect of such persons, their agents, officers and servants in any manner arising from or growing out of the use and transmission of electricity, the privileges permitted by the city, and the construction, maintenance, operation and the use of lines, wires, cables, conduits, posts, poles, structures, constructions, fixtures and apparatus. The bond shall be also conditioned to fulfill all agreements with the city, all the orders, conditions and obligations imposed by the city council or by chapter 253 of the Acts of 1915, and all obligations and duties required by law, and by this article and every other ordinance, and all additions and amendments relating thereto. A new bond of like import and with new surety may at any time be required by the city, which new bond shall be a strengthening bond, unless the surety on former bonds is expressly released from further liability by vote of the city council. Bonds required by this section shall be filed with the City Clerk.