(A) Each person, firm or corporation maintaining a sign described herein shall file with the Village Clerk a bond or indemnity policy in a sum to be determined from time to time, conditioned to indemnify the village for any loss, damage or liability that may result from the construction or maintenance of the sign or canopy. The bond or indemnity policy shall have sureties as may be approved by the Village President and Board of Trustees.
(B) If a blanket indemnity insurance policy against any loss or liability due to the signs or canopies is secured by the village, no bond shall be required.
(Prior Code, § 110.017) Penalty, see § 110.999