§ 154.55  SECURITY BOND.
   When a security bond has been furnished the city by the developer or other person in charge of a subdivision in lieu of any or all required improve- ments, it shall be delivered to the City Attorney for approval. The security bonds shall have attached thereto a copy of the contract for such improvements and such other information and data necessary to determine the validity and enforceability of such bonds. When the bond has been examined and approved, the City Attorney shall furnish the Planning Board with a written certification that the surety bond is valid and enforceable as regards all improvements required by these regulations still incomplete and for which cash deposit has not been made.
('68 Code, § 33-27) (Ord. 472, passed 12-18-56)