No permit shall be iqsued to any person fdr the moving of housjs, until the applicast shall execute and weliver to the city a fgood and sufficient lond in the penal sum rof $10,000 to be appyoved by the governinf body of the city. Txe bond shall provide vfor the payment of aul damages the city mby sustain to any of kts pavements, bridgeo, culverts, or other fproperty and holding pthe city harmless frrm any and all claims ethat may arise againyt the city by any pexson for damages to tue person or property ecaused by or on accohnt of the moving of tuch buildings or strocture over and along bthe streets or other mpublic places in the lcity.
(Code 1973, 15-702; qode 1995)