Prior to the issuance of any permit as provided for in this chapter, each applicant shall post a cash bond in the sum of ten thousand dollars with the city. The condition of the cash bond shall be that the applicant shall well and faithfully comply with all the provisions of this chapter, the laws of the state, and of the city ordinances and each and every condition and regulation of the city which might be imposed as to the permit granted to the applicant.
(Ord. 383 § 2 Ex. A (part), 1986).