Pursuant to the statutes of the State of Nebraska, including Neb. RS 17-123, 17-136 and 17-549, each holder of the occupation tax certificate shall be required to provide the city with a personal surety bond in an amount as set by City Council resolution, signed by one or more sufficient sureties or a bond in that amount from an approved corporate surety, conditioned that the holder shall indemnify and hold harmless the city from all accidents, damage, liability, claims, judgments, costs or expense caused by any negligence arising from a failure to adequately protect electrical work, by unfinished, unskilled or inadequate work, or arising out of furnishing defective material; and that the holder shall adhere to the rules, regulations and requirements of the city and state. All bonds tendered by the applicant for a license shall be approved as to form and substance by the City Attorney before being signed by the Mayor.
(1998 Code, § 10-403)