Sec. 8-22. - Bond requirements.

Upon acceptance of the award of any license issued pursuant to this chapter, each licensee shall file with the department of public works a corporate surety bond in the face amount of five thousand dollars ($5,000.00), guaranteeing the licensee's faithful performance of all of the provisions of this chapter and any license issued hereunder. The licensee and his surety shall be jointly and severally liable, to the full amount of said bond, for any and all loss, damage or costs, including court costs and reasonable attorney fees, incurred by the county arising out of or occasioned by the licensee's failure to comply with any of the requirements of this chapter of any license issued hereunder, including, but not limited to, any loss, damage or costs incurred by the county to repair or reconstruct any road right- of-way or facility damaged by licensee in the course of his operation, or to remove or relocate any of the licensee's equipment or facilities which licensee fails to remove or relocate after being given due notice by the county to so remove or relocate such facilities or to remove any of licensee's property from any county right-of-way or property after the abandonment of said property or facility by the licensee.

Annually, after the initial issuance of any license, each licensee shall renew said bond. A copy of said renewal bond shall be filed at the same time and in the same manner as required for filing of annual financial statements pursuant to this chapter. Said bond shall remain in full force and effect from March 1 of the year in which renewed, to and until the last day of February next succeeding.

All of said bonds shall provide that the county will be given at least thirty (30) days' written notice by the surety of its intention not to renew or to cancel or to materially change the terms of said bond.

Nothing in this section shall excuse the licensee from his full and faithful performance of all of the terms of this chapter or any license issued hereunder and the licensee shall remain personally liable for all loss, damage or costs, including court costs and reasonable attorney fees, incurred by the county, arising out of or occasioned by licensee's operations pursuant to this chapter or any license issued hereunder, irrespective of the amount of any bond required pursuant to this section.

(Ord. No. 1638 § 1.)