No permit shall be issued unless and until the applicant therefor has filed with the City Clerk the bond as the Director of Public Works may specify, with good and sufficient surety thereon, in a form satisfactory to and to be specified by the Director of Public Works, conditioned to indemnify the city for any loss, liability or damage that may result or accrue from or because of the making, existence or manner of guarding or constructing any the tunnel or excavation.
(1992 Code, § 96.33) (Am. Ord. 2005-MC13, passed 10-24-2005) Penalty, see § 10.99