Sec. 10-7. Same—Bond required.
Each person engaged in the electrical business shall enter
into a bond with corporate security satisfactory to the city
manager, in the penalty of five thousand dollars, to indemnify
and save harmless the city, its citizens, residents and property
owners against any and all loss by reason of his failure
to comply with the requirements of this chapter or for neglect
or carelessness in his work, and conditioned further that
should any such work be defective or incomplete and should
such person fail to correct the same within the time specified
by the city electrician on forms provided for this purpose, the
city manager may have such work corrected or completed and
the cost thereof, as well as all the costs or expenses incurred
in collecting the same, may be recovered on the bond.
Such bond shall be renewed annually and filed with the city
electrician on or before the first day of May of each year.
The increase in the sum of the bond shall apply to bonds required
to be filed on or before May 1, 1973. (Code 1959, § 10-7;
7-3-72.)
