In lieu of a cash deposit, the permittee may, upon approval of the City Engineer, annually file with the City Clerk an approved surety bond, issued by a company authorized to do a general surety business in the state, in a sum fixed by the City Engineer as sufficient to reimburse the city for expenses to be incurred in restoring the right-of-way or watercourse to its former condition, subject to the schedules, if any, adopted by resolution of the Council.
('66 Code, § 7-2.403) (Ord. 41-C-S, passed 2-7-68)