No permit shall be granted for the doing of any work under this chapter until a bond or policy of insurance has been filed with the Department of Public Services in the sum of $1,000, unless a larger bond shall be required by the City Commission at the time any permit is granted by it upon appeal. All bonds or policies of insurance shall provide for the payment of all costs incurred by the City, or to hold the City harmless from every other damage of every other nature, whether to persons or property for which the City may be held liable by reason of, or which is occasioned by, the doing of a thing or the exercise of the privilege for which the permit upon which the bond or policy of insurance was based, was granted.
('88 Code, Title IV, Ch. 41, § 4.9) (Am. Ord. 409-9-96, passed 9-16-96)