A.
Every person, firm, or corporation engaging in the business of constructing public sidewalks shall before engaging in such business file with the City a bond in the sum of $1,000 to assure said City and property owners that such sidewalks will be constructed in strict accordance with the requirements of the City for such work, and that such work shall be so constructed as to remain in safe condition and good repair, natural wear expected, for the period of five years from the completion of such work.
B.
Such bond shall be in effect for and during the fiscal year in which filed and shall cover all work done during the fiscal years in which filed. Persons, firms, or corporations desiring to continue in such business shall renew such bond on the first day of May of each year.
C.
The bond herein provided to be given shall be executed by the person, firm, or corporation desiring to engage in such business and by two responsible sureties or by some surety company, such sureties to be approved by the Corporation Counsel.
