Every person, firm, or corporation maintaining any sign, sign board, or rigid canopy over any street, alley, sidewalk, or any other public way in the village shall file with the Village Clerk a bond or indemnity policy in the sum of $5,000, conditioned to indemnify the municipality for any loss or damage or liability that may result from the construction or maintenance of such sign or canopy. Such bond or policy shall have such sureties as may be approved by the Board of Trustees; provided that if a blanket indemnity insurance policy against any loss or liability due to such signs and canopies is secured by the municipality, no such bond shall be required.
('70 Code, § 10.12.6) (Ord. passed 5-23-78)