In lieu of the cash deposit, bond, certificate of deposit, or savings and loan share assignment required by the provisions of Sections 7-2.401 through 7-2.403 of this article, the applicant may, with the approval of the City Engineer, annually file with the City Engineer a surety bond issued by a company authorized to do a general surety business in the State, in a sum fixed by the City Engineer as sufficient to reimburse the City for restoring the right-of-way to its original condition, in accordance with the schedule of charges adopted by the Council.
(§ 11103, T.O.O.C., as added by Ord. 50)