951.05 PERFORMANCE BOND REQUIRED FOR PRIVATE HAULER.

The private hauler shall furnish a performance bond, certified check or a letter of credit from a chartered bank, in the amount of fifty thousand dollars ($50,000) which shall be forfeited to the City for failure to comply with the provisions of this chapter. Such bond shall be approved by the Law Director and deposited with the Finance Director.

(Ord. 41-92. Passed 12-14-92.)

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