(A) The annual fee for licensing shall be as set forth by the City Council. The Fee Commission shall notify each licensee of the annual renewal of his or her license.
(B) Prior to being granted a license, the applicant shall file with the Electrical Commission an indemnifying bond with good and sufficient sureties and in the sum as set forth in the attached fee schedule. Such bond shall name as the insured the city for the use and benefit of any person with whom such applicant shall thereafter contract to do electrical work. This bond shall indemnify any such person for damages sustained because of the failure of the application to perform the work as contracted according to the articles and provisions of this subchapter. Such bond shall be written by a person, firm or corporation authorized to do business in the state and shall be approved by the city prior to the issuance of an electrical license.
(C) Each holder of a license shall renew his or her license on May 1 of each year. If a license is not timely renewed by May 1, then the holder shall have a 60-day grace period in which to still renew such license upon payment of the annual fee set forth in the attached fee schedule, plus an additional late fee in that same amount. If a license is not renewed before July 1, such license shall be deemed permanently lapsed and non-renewable, and the holder shall be subject to re-application and re-testing under the process provided under this subchapter.
(1960 Code, § 24-3-6) (Ord. 6354, passed 12-3-2001; Ord. 7408, passed 7-6-2010; Ord. 7831, passed 12-16-2014)