(A) If the applicant for the building sewer permit does not have a general bond on file with the village, the applicant shall furnish a corporate surety bond in an amount one and one-half times the cost of the contemplated work for which the permit is to be issued.
(B) Any experienced sewer builder or drain layer may furnish to the village a continuing surety bond in the sum of $5,000 to apply to all building sewer permits issued to such builder or to the principals thereof for a term of one year from the date thereof subject to renewal from year to year, and such continuing bond may be accepted in behalf of the village in lieu of a special bond to cover each permit issued during the term of the bond.
(C) Homeowners wishing to install their own building services are not required to post a bond. Any person performing building sewer work for hire shall post the bond.
(1999 Code, § 38-5-37)