A bond shall be required under this division with some reliable surety company to
be approved by the manager of public works in the sum of fifty thousand dollars ($50,000.00),
which bond shall be conditioned to comply with all requirements, specifications and
instructions of the manager of public works and all of the requirements of the Code
and ordinances of the city, pertaining to the paving of streets or alleys, including
the payment of all fees, penalties or cost of repairs.
