All persons, firms or corporations desiring to do electrical wiring in or on any building (except public telephone, televue and emergency call company buildings operating under a special franchise granted by the town) within the town shall give a good and sufficient surety bond in the sum of $5,000, to be approved by the President of the Board of Trustees, and running in favor of the town, which may be sued upon by the town or any person whose person or property is damaged by such licensee applying for electrical license and doing such work, conditioned that the installation of all electrical wiring, fixtures and appliances shall be done in accordance with the requirements of this chapter, and further that such licensee shall remedy any defect or faulty work caused by any incompetent worker or by the using of inferior or nonstandard material and for the faithful compliance by the licensee of the ordinances of the town.
(`85 Code, § 20-106)