A. No such permit shall be issued until the applicant shall have furnished a bond approved by the city engineer and the corporation counsel of the city of Aberdeen conditioned that the applicant will repair, replace and recondition said street, alley, sidewalk or public way in such manner and with such materials as to restore the same to its condition prior to such tearing up or repair or to a condition approved by the city engineer, expeditiously without undue delay, and will comply with the terms of said permit, and will indemnify and save the city harmless from any and all liability caused by the granting of such permit or the doing of such work under such permit.

B. The amount of such bond shall be in such sum as fixed by the city engineer, taking into consideration the nature of the work contemplated under said permit, but in no event shall it be less than the sum of one hundred dollars ($100.00). Cash in the sum of one-half (1/2) of the amount of bond required, may be deposited with the city engineer in lieu of such bond; provided, that persons, firms or corporations engaged in the plumbing business with an established place of business in the city of Aberdeen, shall furnish a continuing bond in the sum of one thousand dollars ($1,000.00), conditioned as above set forth, which bond shall be in lieu of the above bond requirements and in lieu of the bond formerly required by Ordinance No. 599.