(A) In addition to the performance bond required by § 112.060 of this subchapter, the grantee, at least 30 days prior to the commencement of the operation, shall file with the grantor a compliance bond in the amount specified in the franchise agreement in favor of the grantor and any other person who may be entitled to damages as a result of any occurrence in the operation or termination of the cable communications system operated under the franchise agreement, including the payments required to be made to the grantor pursuant to this chapter.
(B) Such compliance bond shall be in the form approved by the grantor and, among other matters, shall cover the cost of the removal of any properties installed by the grantee in the event the grantee shall default in the performance of its franchise obligation.
(C) In no event shall the amount of such bond be construed to limit the liability of the grantee for damages.
('65 Code, § 7-8.602) (Ord. 244-C.S., passed - - ) Penalty, see § 112.999