It shall be the duty of every contractor of builder, who shall make contracts for the erection or construction or repair of buildings for which a permit is required, and every contractor or builder making such contracts and subletting same, or any part thereof, to provide liability insurance (minimum $300,000) with the city as certificate holder or to give good and sufficient bond in the sum of $5,000 to be approved by the City Attorney, conditioned on conformance to the building regulations of the city code and other ordinances or laws of an applicable governing body in reference to buildings.
(1998 Code, § 22-33) (Ord. 04-15, passed 5-19-2004; Ord. 15-42, passed 12-16-2015)