All general contractors, plumbers, electricians, sewer tappers and heating and cooling contractors, registered to perform their trade within the City, as provided in this chapter shall, prior to the issuance of such registration, provide a bond in the penal sum of ten thousand dollars ($10,000), which bond shall provide that the registrant shall fully indemnify and save harmless the City and any person or persons injured or damaged by the failure of such registrant to comply with the terms of any ordinance of the City and with the terms of the laws of the State of Ohio. Such bond shall be in force from the date of its acceptance and the issuance of such registration to the end of the year covered by such registration, and the bond shall be renewed annually upon the re-issuance of such registration.
(Ord. 75-01. Passed 11-27-01.)