A person engaged in the business of constructing and erecting billboards or signs shall file with the department of engineering and community development a bond in the penal sum of ten thousand dollars ($10,000.00) with a responsible surety company as surety thereon; said bond to be approved as to form by the village attorney. Said bond shall indemnify the village and its officials for the full period of time provided for by the statute of limitations of the state for any and all loss, cost, expense or liability of any kind or nature whatsoever, which said village or its officials may suffer or be put to or which may be recovered from it or them by reason of the issuance of such permit. This requirement shall not apply to an individual or business or corporation constructing and erecting a sign for his or their own personal use.
(Ord. 388, 4-1-1965)