(A) Each person maintaining a sign, billboard or signboard over a street, alley, sidewalk or other public way in the village shall file with the Village Clerk a bond or indemnity policy in the sum of $10,000 conditioned to indemnify the village against any loss or damage or liability that may result from the construction or maintenance of the sign, billboard or signboard.
(B) The bond or policy shall have sureties as may be required by the Village Board.
(Prior Code, § 8-5-4) (Ord. 636, passed 4-7-1977)