9-1-15: BONDS:
   A.   Bond Required; Amounts: Before any permits to install electrical work or plumbing shall be issued to a person doing electrical work or plumbing for hire in the City, they shall first execute and file with the City Council an approved indemnity bond as follows:
 
   Bond Amount
Electrical or plumbing on new construction or repair
$5,000.00
Building construction
5,000.00
 
   B.   Conditions: All bonds shall be payable in favor, and shall be held as surety, that the person will fulfill the following conditions:
      1.   All building, electrical and plumbing work performed under their supervision shall be performed in accordance with the provisions of the City electrical, building or plumbing codes.
      2.   They will pay all fines and penalties properly imposed upon them for violation of the City electrical, building or plumbing codes.
      3.   The City shall be held free from any liability sustained by reason of the negligence or incompetence of such electrician, contractor, or plumber or other person working under his supervision.
      4.   To indemnify City for any work done by the City to correct any condition covered by the permit, including safety measures required therefor.
   C.   Multiple Types Of Work: A person doing more than one type of work shall file a five thousand dollar ($5,000.00) bond for each type of work. (1975 Code § 9-2-18; amd. 1998 Code)