In lieu of the cash deposit prescribed by § 7-2.401 of this article, the permittee may, upon approval by the City Engineer, file a cash deposit in the minimum sum established by the schedule, if any, adopted by the Council and in effect at the time of the application for a permit, and the balance of the sum fixed by the City Engineer as sufficient to reimburse the city expenses incurred in restoring the right-of-way or watercourse to its former condition may be filed in the form of an approved surety bond issued by a company authorized to do a general surety business in the state.
('66 Code, § 7-2.402) (Ord. 41-C-S, passed 2-7-68)