Any applicant to whom a permit is to be issued under the provisions of this chapter shall submit to the collector, a corporate surety bond satisfactory to the city payable to the city in the penal sum of one thousand dollars ($1,000.00) conditioned upon compliance with the provisions of this chapter. No permit shall be issued unless and until such bond has been filed with said officer of the city. (Ord. 9517 § 1 (part), 1995: prior code § 6809)