Each person, firm or corporation who engages in the work of laying, relaying or repairing sidewalks upon the City streets shall, before engaging in any such work or employment, make a cash deposit of one hundred dollars ($100.00). Interest at the current rate being received by the City on its deposits will be allowed on the first day of January and July of each year on the cash deposit above provided for, providing the cash deposit has been in the City Treasury for a period of six months next preceding the dates. Such person, firm or corporation shall give bond to the City in the sum of one thousand dollars ($1,000) for each 50,000 square feet of sidewalk estimated to be laid, relaid or repaired, or for any fractional part thereof, conditioned that the City shall be saved harmless from any loss or expenditure in any manner arising from the conduct of such person, firm or corporation, in the work of laying, relaying or repairing sidewalks, and from any loss or damage which may arise by reason of any obstructions, excavations, barriers, guards or other objects or materials placed or deposited in the street during the progress of the work, or the expense of removing the same and cleaning the street or sidewalk, and from any loss or damage arising from any acts, negligence or default of such person, firm or corporation. Such bond shall be conditioned further upon the sidewalks so laid, relaid or repaired remaining in good condition to the satisfaction of the Service Director, for a full period of two years from the year of the laying, relaying or repairing such sidewalks, and conditioned upon such person, firm or corporation immediately upon the appearance of any defects, disintegration or fault in such sidewalks appearing and due to any acts, omission or default of the one laying the same, repairing and restoring such sidewalks to a good and proper condition to the satisfaction of the Service Director, as to such defects as may appear at any time within two years of the year of laying, relaying or repairing of such sidewalks. The bond and deposit shall cover all of the foregoing matters which may arise or be occasioned at any time within two years of the calendar year within which such work is done.
Before any person, firm or corporation who or which is entitled to lay, relay or repair sidewalks, as herein provided, undertakes to do the work of such laying, relaying or repairing, they shall procure from the Service Director a permit to do such work in the public streets of the City. The application for the permit herein provided shall specify the owner of the property in front of which the sidewalk is to be laid and the probable time of beginning and finishing the work of laying, relaying or repairing such sidewalks. A separate permit shall be required for each continuous stretch of sidewalk to be laid. The cash deposit, less any expense which may have been charged against the same by the City, shall be returned whenever the person, firm or corporation entitled to lay, relay or repair sidewalks and having made such deposit, in accordance with the provisions herein prescribed, shall have signified in writing to the Service Director the intention of no longer engaging in such work.