§ 16-14. Bonds.

Latest version.

Where the provisions of this Code require that the applicant for any license or permit furnish a bond, such bond shall be furnished in an amount deemed adequate by the proper city officer, or, where the amount thereof is specified in this Code, in the amount so required; the form of such bond shall be acceptable to the city attorney. In lieu of a bond, an applicant for a license or permit may furnish one (1) or more policies of insurance in the same amounts and providing the same protection as called for in any such bond; any such policies of insurance shall be approved as to substance by the city official issuing the license or permit and as to form by the city attorney.

(Code 1977, § 7.12)

                    
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