A. Every person receiving a registration certificate as an electrical contractor shall file with the city clerk a bond in the sum of one thousand dollars ($1,000.00), executed with a surety company authorized to do business in the state, and conditioned that:
1. The principal will install all electrical wiring, fixtures, appliances, and equipment in accordance with the law and the ordinances and other regulations of the city relating to electrical installations and in a workmanlike manner;
2. The principal shall, without further cost to the person for whom the work was done, remedy any defective or faulty work caused by poor workmanship or inferior or nonstandard material; the principal is liable for the correction and any additional cost arising from the specified causes; and
3. The city will be fully indemnified and held harmless from any and all costs, expenses or damage resulting from the performance of his work as an electrical contractor.
B. The bond must be approved by the electrical inspector. No certificate shall be issued to any such person until the bond shall have been filed and approved. Any such license issued shall be valid only while the bond is in effect. (Prior Code, Sec. 18)