(A) An application hereunder shall be accompanied by a cash deposit or bond in the an amount as set by City Council resolution as an indemnity for damage which the city may sustain by reason of damage or injury to any highway, street, alley, sidewalk, fire hydrant or other property of the city which may be caused by or be incidental to the moving of the building in the city, to indemnify the city against claims of damages to persons or private property, and to satisfy claims by private individuals arising out of, caused by, or incidental to the moving of the building in the city. The City Clerk-Treasurer shall hold the cash deposit until all provisions of this subchapter have been complied with.
(B) In lieu of the cash deposit required above, a person filing an application hereunder may file with the City Clerk-Treasurer a bond, approved as to form by the City Attorney, executed by a bonding or surety company authorized to do business in the State of Nebraska in an amount as set by City Council resolution, conditioned upon the assurance that this and other applicable ordinances and laws will be complied with. The bond shall run to the city for the use and benefit of any persons intended to be protected thereby and shall be conditioned on the payment of any damages to public or private property and the payment for any damages or losses resulting from any malfeasance, misfeasance or nonfeasance or negligence in connection with any of the activities or conditions upon which the permit applied for is granted.
(1998 Code, § 9-305)