Any person, firm, partnership, corporation, or individual who desires to do any electrical wiring in or on any building shall furnish the city a good surety bond in the sum of $1,000 as guarantee that the installation of electrical wiring, fixtures and apparatus shall be in accordance with the requirements of this subchapter. The bond shall be further conditioned that such person, firm, corporation, partnership or individual shall without further cost to the person for whom the work was done, then remedy any defective or faulty work caused by incompetent workers, inferior or nonstandard materials; and such bond as is furnished shall be liable for the correction and any additional costs arising from the abovementioned causes.
(`83 Code, § 5-308)