11.36.120 Improvement securities—Bonds and deposits.
   Improvement securities shall be:
   (a)   A bond or bonds issued by a surety company authorized to write the same in the state of California.
   (b)   A deposit with the city of cash, negotiable bonds, letters of credit or savings and loan certificates or shares. Savings and loan shares or certificates shall be assigned to the city.
(Ord. 537 § 2 (part), 1985)