No permit required by § 118.095 shall be issued unless and until the applicant therefor has filed with the City Clerk a bond as required by § 110.047(A)(14) and § 110.049, with sureties to be approved by Council, conditioned to indemnify the city and hold it harmless from any loss, damage, claim or liability arising out of or resulting from the conduct or operation of the business or the doing of or failure to do any act in connection therewith.
(2000 Code, § 5.32.030)