Any person issued a license and a permit under the provisions of this chapter shall be responsible and liable to the city for any damage or injury caused to its property by the moving of such structure. The failure of any such person to adjust any damage to the city or to any of the inhabitants of the city shall result in the vesting in the proper city authorities the right to cancel any outstanding licenses to such person together with the right to refuse the issuance of any future license to such person together with authority to deny the issuance of a permit to any person for the moving of any structure when such contemplated moving is to be done by a party failing to comply with the provisions of this chapter. (Amended during 1992 codification: prior code § 14-3-5)