As a condition of the local license requirement and before engaging in electrical work in the city, every person, firm or corporation shall make and execute to the city a bond in the sum of $10,000.00 to be approved by the city manager, building official or their designee, conditioned that such party will faithfully comply with the terms and provisions of this article and all the rules and regulations made in pursuance thereof, and will indemnify and hold harmless the city against any and all costs, expense, damages and injuries sustained by the city or any person or property, by reason of or that may be occasioned by the acts and operations of such licensee under such license. Such bond shall be executed to cover a period of one year from the date of its approval, and shall cover and remain in full force and effect as to each and every piece of work done during such period. Failure to maintain said bond shall in full force and effect [sic] render the local license void without further action by the city and prohibit further work being performed in the city until such time as a new bond is made and executed.
(1984 Code, sec. 4-134; Ordinance 75 adopted 11/6/1945; Ordinance 298 adopted 12/27/1977; Ordinance 301 adopted 5/9/1978; Ordinance O-05-05 adopted 5/24/2005; 1997 Code, sec. 151.48)