Before any person shall be granted a permit to construct sidewalks, curbs or gutters in the city, which over the course of one year is going to cost more than one thousand dollars ($1,000.00) for labor and materials he shall file with the clerk a bond in the sum of one thousand dollars ($1,000.00) conditioned that such person shall, for a period of two (2) years from and after the date of completion and acceptance by the engineer of any sidewalk, curb or gutter that during said period of two (2) years show any signs of deterioration or disintegration, also that he will indemnify and save harmless the city from all suits, accidents and damages consequent thereupon for or by any reason of any opening in the streets and walks made by him or those in his employ. (Ord. 416, 1-3-1994)