§ 10-1.8. Indemnity bonds.
-
In connection with the provisions of this section and the State Uniform Construction Code hereby established and adopted as a part hereof, the following indemnity bonds may be posted in respect to each specific section hereinafter cited, which sections are hereby amended to read as follows:
a.Sign bonds. The owner of every sign shall be bonded in an amount not less than $100 for the erection and maintenance of such sign or billboard.
b.Wrecking bonds. The owner or person to whom a permit has been issued to wreck or demolish a building shall provide a bond, in the amount of $1,000, which shall require the completion of the work and the clearing and filling in of the site and will protect and indemnify the municipality against loss or damage.
c.Moving bonds. The owner of a building to be moved shall furnish a bond, in the amount of $1,000, which shall require the completion of work and the restoration of the site as provided by this section and the State Uniform Construction Code and will protect and indemnify the Township against loss or damage.
d.Modification of performance guaranty indemnify bonds. Where required, the Construction Code Official may require each owner or persons required to post bond in an amount in excess of that required in paragraphs a. through c. hereof; the Construction Code Official may accept, in lieu of bond, cash or such other security as may be approved by the Township Attorney.