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All franchised contractors shall furnish and maintain on file at the office of the Building Inspector a performance bond of one thousand five hundred dollars ($1,500) which shall cover construction, installation, repair and alteration required by this Title Seven.
(Ord. 4873. Passed 8-5-57.)
The bonding company shall employ a franchised contractor to complete or make corrections when the bonded contractor fails to perform such work in accordance with this Title Seven when ordered to do so by the Board of Building Standards and Appeals.
(Ord. 4873. Passed 8-5-57.)
When a firm, corporation or association furnishes the certificate of insurance and bond, such certificate and bond shall also include the name of the person who is approved by the Board of Building Standards and Appeals for franchising.
(Ord. 4873. Passed 8-5-57.)