§ 52.314 PURPOSES.

   The bonds required by this section, and any self bonding to the extent it has been permitted, shall serve as security for:

   (A)   The faithful performance by the permittee or provider of all terms, conditions and obligations of this chapter;

   (B)   Any expenditure, damage, or loss incurred by the village occasioned by the permittee or provider's violation of this chapter or its failure to comply with all rules, regulations, orders, permits and other directives of the village issued pursuant to this chapter;

   (C)   The payment of all compensation due to the village, including permit fees;

   (D)   The payment of premiums for the liability insurance required pursuant to this chapter;

   (E)   The removal of facilities from the rights-of- way pursuant to this chapter;

   (F)   The payment to the village of any amounts for which the permittee or provider is liable that are not paid by insurance or other surety; and

   (G)   The payment of any other amounts which become due to the village pursuant to this chapter or other law.

(Ord. 03-02, passed 2-25-02; Am. Ord. 06-18, passed 9-24-18)