A surety bond in the amount of $2,000 shall be required from each person requesting a permit, except a duly licensed and bonded plumber, or a public utility corporation holding a franchise from the city. The bond shall be conditioned that the holder will perform the work in accordance with the applicable regulations, will indemnify and save harmless the city from all damage caused in the execution of the work or costs in connection with the repair of the streets or alleys excavated, and that the holder will pay any and all damages that will be suffered by the city by reason of the failure of the person securing the permit to observe the terms of this subchapter or by any reason of negligence in the execution of the work.
(Prior Code, § 600.01)