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(A) Each building contractor shall deposit with the Village Clerk a bond annually in the penal sum of $5,000, with surety to be approved by the corporate authorities, to indemnify, keep and save harmless the village against any loss, costs, damage, judgment of liability of any kind whatsoever which the village may suffer or to put to or which may accrue against it, be charged to or be recovered from the village or any of its officials by reason of any act or thing done or neglected to be done under or by virtue of the authority given to such contractor.
(B) For purposes of this section, the term BUILDING CONTRACTOR shall mean any person engaged in the business of constructing, altering or repairing buildings or other structures or sidewalk or street pavements, including, but not limited to, general contractors, plumbing contractors, electrical contractors, cement or paving contractors, roofing contractors, steam fitting contractors, masonry contractors, carpentry contractors, lathing contractors, heating contractors, air conditioning contractors, refrigeration contractors, house moving, house-razing or shoring contractors, sheet metal contractors, glazing contractors, excavating contractors, sewer contractors, plastering contractors, dry-wall contractors, painting contractors, razing, shearing or moving contractors, landscaping contractors, tuck-pointing contractors and insulating contractors.
(Ord. 086, passed 10-4-1995) Penalty, see § 110.99