Section 70-2 BOND TO BE GIVEN BY ELECTRICAL CONTRACTOR.

A. Every electrical contractor holding a certificate of competence shall give a surety bond payable to the town in the sum of one thousand dollars ($1,000.), with corporate surety approved by the Town Attorney and conditioned to indemnify and save harmless the Town, as well as any other person, from all expense and damage that may be caused by any negligent, defective or inadequate work done in the Town under any contract that such person may undertake and also conditioned upon the faithful performance of, and compliance with, all of the provisions of this chapter*.

B. Such electrical contractor shall not engage in or carry on his trade or occupation until such bond has been given, nor shall any license be issued to such electrical contractor under Chapter 98 of this Code until such bond has been given.