The contractor or his agent applying for a building, moving, or demolition permit shall deposit a cash bond, except as may be hereinafter provided, with the city collector at the time of application for a building permit, moving permit, or permit to demolish. This surety shall not exempt the contractor or his agent from the payment of other fees, or from the making of other surety deposits prescribed by ordinances of the city. This surety is in addition to the deposit required on the permit for making service connection to water or sewer mains. Whenever the contractor or his or her agent shall neglect to rectify the damage or nuisance in the manner and within the time limits set forth in this and other ordinances, the mayor shall cause rectification to be made by city employees, or by letting contracts as required. For rectification so ordered, charges shall be placed against the cash bond in accordance with the schedule of § 150.49. Assessment of charges against the cash bond shall not exempt the contractor from other penalties prescribed by other ordinances of the city.
('69 Code, § 6-56)