Before granting any permit provided for by this article, the superintendent of streets shall cause an estimate to be made of the expense of opening the street or sidewalk and of restoring the same in proper condition as provided in this article, and of the probable expense of overseeing the same, and the applicant must either deposit the amount of such estimate with the superintendent of streets, or furnish in lieu thereof a good and sufficient bond in twice the amount of the estimate, such bond to be satisfactory to and approved by the superintendent of streets, and such bond shall be in substantially the following form:

KNOW ALL MEN BY THESE PRESENTS:

That ____ , as principal, and ____ and ____ , as sureties, are held and firmly bound unto the Town of Atherton for the benefit and indemnity of said Town in the sum of $ ___, for the payment of which sum to the Town of Atherton we bind ourselves, our heirs, executors, administrators and assigns jointly and severally, firmly by these presents.

Sealed with our seals and dated this ____ day of ____ , 19__.

The condition of the above obligation is such that whereas (name of applicant) is about to (description of work intended) and has made application to this Town of Atherton for a permit so to do in compliance with the ordinance of said Town.

NOW, THEREFORE, if the above bounden principal shall do, or cause to be done, in a proper and workmanlike manner all of said work, including excavating, filling, paving or laying of pavement, restoring sidewalk, removing debris, waste and other materials, all to the satisfaction of the City Council of the Town of Atherton, or its duly constituted agent, and shall further well and truly pay, or cause to be paid, the compensation of an inspector of said municipality for overseeing said work to the amount of $__ per day while said work is in progress, and any sums, costs and expenses incurred by said Town in the repair of said street or sidewalk as the case may be, and removing surplus material therefrom, then this obligation to be void; otherwise to remain in full force and effect.

WITNESS our hands on this ____ day of ____ , 19__ .

_______________(SEAL)

Principal

_______________(SEAL)

_______________(SEAL)

Sureties

(Verification of sureties.)