Prior to the issuance of any mechanical contractor permit the City of Park Rapids shall require that the applicant deposit a bond approved as to the form in the amount of $25,000 in favor of the city, conditioned upon the satisfactory observation of all the requirements of this code pertaining to mechanical contractors. The bond may be of continuous form with accumulative liability, and shall be cancellable only after 10 days' written notice to the city. The permit shall remain in force only during the term of a valid bond.
(Prior Code, § 18-228)