(a) As a condition of his or her license, each sign wiring contractor shall give and maintain a surety bond in the penal sum of $10,000 in a form approved by the city.
(b) The bond shall be conditioned upon the faithful and lawful performance of all work entered upon by the contractor within the city and for compliance with all the provisions of this chapter. The bond shall be in lieu of all other license bonds to any political subdivision or government agency. The bond shall be written by a corporate surety licensed to do business in the state.
(1992 Code, § 15-26) (Ord. 68-86, passed 7-7-1986; Ord. 116-90, passed 12-3-1990; Ord. 65-93, passed 8-9-1993; Ord. 75-14, passed 10-14-2014; Ord. 68-20, passed 9-1-2020)