Any person desiring an electrical license of any kind, as above provided, shall make and file with the city auditor or clerk of the affected city or 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 engage himself thereon in the amount set forth, to wit: a. Class A electrical contractor, the amount of the bond shall be Five Thousand Dollars ($5,000.00). b. Class B electrical contractor, the amount of the bond shall be Three Thousand Dollars ($3,000.00). c. Motor shops, the amount of the bond shall be One Thousand Dollars ($1,000.00). d. Electrical sign contractor, the amount of the bond shall be Five Thousand Dollars ($5,000.00). e. 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 requirements of this act, the payment of fees or other charges due to the city, county or metropolitan area, 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, county or metropolitan area 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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