Sec. 326.106. - Bond required.

Except where the applicant is the owner and the proposed sign is not illuminated and does not exceed 32 square feet in area or eight feet in overall height above the ground, an applicant for a sign permit shall file with the Building Inspection Division a bond in the amount of $5,000 prior to the issuance of the permit. The bond shall be in a form approved by the Office of General Counsel and shall be issued by a surety company licensed to do business in the State. The bond shall be payable to the City and conditioned as follows: (a) That the principal and his agent and employees will faithfully observe the requirements of this Chapter and all laws of the City pertaining to the subject matter hereof and all rules and regulations established pursuant thereto and that all sign work done under the bond shall be executed in a good and workmanlike manner. (b) To indemnify and save the City harmless from all liability, damage or loss which any person may suffer either in person or property or of any character whatsoever caused by or arising from, in or about the doing of the work referred to in this Chapter in the City by the principal or his agent, servants or employees. (c) That a person injured in person or property by reason of a violation of this Chapter or the rules or regulations made hereunder or by reason of a breach of the bond may maintain a suit or action thereof for the injuries and that several recoveries may be had up to the principal sum of the bond, but in no case shall the surety company be liable in excess of the principal sum of the bond. (d) That it shall be a condition precedent to a right of action under the bond by a person that, during the effective period of the bond or within the period of one year after termination of the bond, the person shall give to the surety and the principal thereon written notice of the claim upon which the suit is predicated. (e) That the surety company on the bond shall not be liable for a claim with reference to a sign which has been approved by the Building Inspection Division and after the sign shall have been installed for a period of twelve months following the approval. In the event a claim which is valid in the opinion of the Office of General Counsel shall be filed against any of the bonds, the principal of each of the bonds shall be immediately required to file with the Building Inspection Division additional bonds in sums necessary to complete the full penal sum at all times as provided above. (Ord. 71-342-174; Ord. 75-522-274, § 1; Ord. 83-591-400, § 1; Ord. 85-1201-663, § 6; Ord. 98-673-E, § 5) Editor's note— Section 3 of Ord. 80-611-278 waived the provisions of this Section for the purposes of the "Neighborhood Watch Program" authorized by § 1 of Ord. 80-611-278. Note— Former § 900-1602.2; § 334.106.