No license for the installation, erection and maintenance of signs shall be issued to any person, firm or corporation until such person, firm or corporation has filed with the Building Official a surety bond in the sum of $5,000. Such bond shall be for the installation and erection of signs and shall provide for the indemnification of the city for any and all damages or liability which may accrue against it for a period of one year after installation, erection, demolition, repair, removal or defects in or collapse of any sign.
(Ord. 476, passed 11-12-96)