Sec. 19-32. Bond:
   No such permit shall be issued unless and until the applicant therefor has filed with the director of building and zoning a bond in the sum of five thousand dollars ($5,000.00) conditioned to indemnify the village for any loss, liability or damage that may result or accrue because of the making or existence of such excavation. (Ord. 0-76-55, 11-1-1976)