The owner or person in control of a display sign suspended over a street or extending into a street more than 15 inches beyond the building line shall execute a bond and/or other sureties in a sum to be fixed by the City Manager or his authorized representative having control over streets, with sureties approved by the City Manager or his authorized representative, indemnifying the municipality against
all loss, cost, damage or expense incurred, sustained by or recovered against the municipality by reason of the construction or maintenance of such display sign.
(‘73 Code, § 1321.03) (Ord. 1110, passed 4-11-62)