Every person licensed under this subchapter shall file with the City Clerk a bond in the amount of $10,000, with sureties to be approved by the Mayor and Council, conditioned to indemnify the municipality for any loss, damage or expense occasioned by the person or for any act or failure of the licensee to comply with the ordinances of the municipality relating to the business of house moving or moving houses.
(2000 Code, § 5.28.020)