(A) Any person desiring an electrical license of any kind, as above provided, shall make and file with the Town Clerk/Treasurer a good and sufficient bond executed by a surety company authorized to transact business in the state and engaging himself or herself thereon in the amount set forth, to-wit:
(1) Class A electrical contractor, the amount of the bond shall be $5,000;
(2) Class B electrical contractor, the amount of the bond shall be $5,000;
(3) Elevator construction, the amount of the bond shall be $1,000;
(4) Armature shops, the amount of bond shall be $1,000;
(5) Electrical sign contractor, the amount of the bond shall be $5,000; and
(6) Electrical appliance repair, the amount of the bond shall be $1,000.
(B) Said bond shall guarantee the performance on the part of the principal of all work in strict accord with the requirements of this act and the Electrical Code of the town as herein defined, the payment of fee or other charges due the town, the replacing of all faulty or defective materials or workmanship installed by principal, or by some person for or on the behalf of said principal, when notified to do so by the Electrical Inspector of the town and when bond shall be further conditioned that, in the event the principal does not perform and discharge all duties and obligation resting upon him or her, he or she shall be liable in first instance and suit may be brought directly upon said bond jointly and/or severally with said surety company by any person injured or damaged as a result of such principal’s failure to comply with the provisions and requirements of the ordinance relating to such work.
(Prior Code, Ch. 4, Art. 6, § 41) Penalty, see § 151.999