Every applicant for a sign permit shall, before the permit is granted, file with the Building Inspector a continuing bond in the penal sum of $5,000, executed by the applicant and a surety company to be approved by the City Attorney and conditioned for the faithful observance of all laws and ordinances relating to signs and other advertising structures, and which shall indemnify and save harmless the city from any and all damages, judgments, costs or expenses which the city may incur or suffer by reason of the granting of the permit. A liability insurance policy issued by an insurance company authorized to do business in the state which conforms to the provisions of this section may be permitted in lieu of a bond.
(1998 Code, § 98-65) (Ord. 93-69, passed 11-17-1993)