Sec. 7-2.402. Bonds.
   In lieu of the cash deposit required by the provisions of Section 7-2.401 of this article, the applicant, with the approval of the City Engineer, may file a surety bond issued by a company authorized to do a general surety business in the State, in an amount fixed by the City Engineer as sufficient to reimburse the City, in accordance with the schedule of charges adopted by the Council, for restoring the right-of-way to its original condition. Where the size and nature of the project warrant, the City Engineer may require an additional deposit of Five Hundred and no/100ths ($500.00) Dollars cash for traffic control or emergency work.
(§ 11011, T.O.O.C., as added by Ord. 50)