Any person desiring an electrical license of any kind as above provided, shall make and file with the State of Oklahoma Electrical Administrative Board, or the city auditor of the affected city or with the county clerk of the county as herein defined, a good and sufficient bond executed by a surety company authorized to transact business in the State of Oklahoma and engaging himself thereon in the amount set forth, to-wit: a. Class A electrical contractor, the amount of the bond shall be One Thousand Dollars ($1,000.00) b. Class B electrical contractor, the amount of the bond shall be One Thousand Dollars ($1,000.00) c. Elevator construction, the amount of the bond shall be One Thousand Dollars ($1,000.00) d. Armature shops, the amount of the bond shall be One Thousand Dollars ($1,000.00) e. Electrical sign contractor, the amount of the bond shall be Five Thousand Dollars ($5,000.00) f. Electrical appliance repair, the amount of the bond shall be One Thousand Dollars ($1,000.00) Said bond shall guarantee the performance on the part of the principal of all work in strict accord with the requirements of this act and the electrical code of the city as herein defined, the payment of fee or other charges due to either the city or county, the replacing of all faulty or defective materials or workmanship installed by principal, or by some person for or on behalf of said principal, when notified to do so by the electrical inspector of said city or county and said bond shall be further conditioned that, in the event the principal does not perform and discharge all duties and obligations resting upon him, he shall be liable in the first instance and suit may be brought directly upon said bond jointly and/or severally with said surety company by any person injured or damaged as a result of such principal's failure to comply with the provisions and requirements of the ordinance relating to such work.
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