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 certificate of deposit or savings and loan share assignment as a deposit 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. Certificates of deposit or savings and loan share assignments shall be in conformance with the requirements established by the City Engineer and approved by the Council.
(§ 11102, T.O.O.C., as added by Ord. 50)