Prior to the issuance of a license as provided in this chapter, the applicant shall file with the city manager a bond payable to the city in the amount of five thousand dollars in such form and with such sureties as shall be approved by the mayor and the city attorney, conditioned upon the applicant's compliance with the requirements of this chapter and all other ordinances of the city which are now or may hereafter be adopted and which are pertinent to such business. Such bond shall be further conditioned upon such applicant's filling all basements left as a result of such moving, leaving all premises vacated by such moving in a safe and sanitary condition, repairing and making good, to the satisfaction of the mayor, any and all damages to any pavement, sidewalk, hydrant, street, alley or other property of the city where damage to which may be caused by the moving of such building, and further conditioned upon the applicant's indemnifying and saving harmless the city against any and all liability for damages, costs or expenses arising in any manner in favor of any person by reason of the moving by applicant of any such building. (Prior code § 14-3-2)