7-3-4: BOND REQUIREMENTS:
   A.   Bond Required: The applicant for a permit required by this chapter shall file with the city clerk a properly executed bond, with sureties to be approved by the city clerk in the penal sum of ten thousand dollars ($10,000.00), conditioned for the faithful performance and observation of all provisions of this code and other ordinances of the city relative to excavation and further conditioned that the obligors on the bond will save harmless the city from all damages sustained or caused by reason of the negligence of the applicant or his agent or employee.
   B.   Business Of Making Excavations: Any person whose business requires the making of excavations in the public streets for sewer, drain, water or other connections may file a properly executed bond to the city clerk which shall be sufficient to fulfill the requirements of this chapter. (2008 Code § 27-97)