(A) It shall be unlawful to construct or lay any pavement on any public street, sidewalk, alley or other public way, or to repair the same without having first secured a permit therefor. Applications for such permits shall be made to the Village Clerk, and shall state the location to the intended pavement or repair, the extent thereof, and the person who is to do the actual construction work. No such permit shall be issued except on order of the President and Board of Trustees.
(B) Each applicant pursuant to division (A) of this section shall file a bond, in the amount of $10,000 with sureties to be approved by the President and Board of Trustees, conditioned to indemnify the village from any loss or damage resulting from the work undertaken or the manner of doing the same.
(`95 Code, § 99.30) Penalty, see § 99.999