Whenever Council, by ordinance, resolution or motion, or whenever the specifications or contract, requires a contractor having a contract with the City for the construction of paving, sewers, erection of buildings or construction of public works to furnish a construction or completion bond, the contractor shall also furnish to the City an additional bond for the payment of labor and material claims in the amount of the estimated contract price, with corporate surety, which shall be the same surety that executed the completion or construction bond.
(Ord. 444. Passed 5-15-28.)