Prior to the issuance of a certificate of registration as a plumbing contractor, the applicant shall file with the city clerk an indemnifying bond with good and sufficient sureties in the penal sum of $20,000.00, such bond being payable to the City of Chicago, for the use of any persons with whom such applicant shall thereafter contract to do work, to indemnify any such person for damages sustained on account of the failure of such applicant to perform the work so contracted for, in accordance with the provisions and requirements of the city relating to the installation of plumbing work with necessary appurtenances thereto.
(Added Coun. J. 12-9-92, p. 25465)