§ 83-13. Same—Bond or insurance.

No person shall engage in the business of installing, or erecting or maintaining any sign or medium of display or advertising, electric or otherwise, within the city until he has filed with the city collector a bond or certificate of liability and property damage insurance in the sum of $500,000.00 with such surety thereon as may be approved by the city clerk. Such bond or certificate of liability and property damage insurance shall be conditioned for the installation, erection, and maintenance of signs in accordance with the ordinances of the city and laws of the state, and shall provide for the indemnification of the city and the purchaser or lessee of such signs, for damages or liabilities which may accrue by reason of faulty installation, erection, maintenance, demolition, repair, removal, or defects in, or collapse of any sign so serviced by or under the direction of the maker of such bond, or certificate of liability of property damage insurance. Such bond or certificate of liability and property damage insurance shall provide for the indemnification of any person who, while upon public property or in any public place, incurs damages for which the principal named in the bond or certificate of liability property damage insurance is legally liable.

(Ord. No. 7674, § 2(Exh. A), 11-22-04)