No person shall engage, within the corporate limits of the city, in the outdoor advertising business or the electric sign business until such person has filed with the City Auditor a bond in the sum of $200,000 and no person shall engage, within the corporate limits of the city, in the commercial sign business, and no owner or his or her employee shall construct, erect, repair or alter a sign which extends over public property, until such person, owner or employee has filed with the City Auditor a bond in the sum of $100,000, the condition of such bonds to be that such person so engaged in either the outdoor advertising business, the electric sign business or the commercial sign business, within the limits of the city, or such owner or employee who constructs, erects, repairs or alters a sign which extends over public property within the limits of the city, shall save and keep the city and its officials harmless from all damages, liabilities, losses, costs or judgments that may be claimed against the same by reason of the negligent erection, alteration, removal or repair of any sign or outdoor advertising display which may be constructed, erected, removed, repaired or altered in the course of their respective businesses, or as an owner or employee as mentioned above. In lieu of such bonds, a public liability policy in the sum of $100,000 covering the injury or death of one person and in the sum of $200,000 covering the injury or death of more than one person in any one accident, excluding, however, employees of such person for those engaged in the outdoor advertising business and/or the electric sign business, and a public liability policy in the sum of $50,000 covering the injury or death of one person and in the sum of $100,000 covering the injury or death of more than one person in any one accident, excluding, however, the employees of such person for those engaged in the commercial sign business and for an owner or his or her employee who erects a sign over public property, may be filed with the City Auditor. In addition, any person engaged in the commercial sign business and any owner or his or her employee who erects a sign over public property, who elects to file an insurance policy, as aforesaid, in lieu of the bond, shall also file with the City Auditor a property damage liability policy in the sum of $50,000 to cover any injury to or destruction of property other than the property owned, leased, occupied or used by, or in the care, custody or control of, such person, owner or employee. Such policies of insurance shall cover jointly the legal liability of such person or owner and the city and its officials, in connection with the erection, repair or alteration of any sign or outdoor advertising display. In the event such person owns or maintains signs or outdoor advertising displays for outdoor advertising purposes, additional provisions shall be made for the bond and policy of insurance filed with the City Auditor, covering the operation, maintenance and existence of such signs or outdoor advertising displays.
(Prior Code, § 1430.04)