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e e . -, -' (b) That applicant (or officers, if applicant is a corporation) have read and thoroughly understood the terms of this Ordinance and agreed to abide by its terms in the business of house moving. (c) The application shall be signed by the applicant, if an individual; by a partner, if a partnership; by the president, if association or corporation. (d) The application shall contain such other information as may be required by the Director of Public Works or other officers of the City as herein provided. SECTION IV: The applicant shall pay a license fee of Twenty ($20.00) .' Dollars per year. If application is made. subsequent to January 1 of any year, ,t the fee shall be reduced in proportion to the number of months that have expired. Simultaneously, the applicant shall file with the City a bond executed by the applicant and by a good and sufficient corporate insurance company, incorporated under the laws of the state of Texas having a fully paid-up capital stock of at least One Hundred Thousand ($100,000.00) Dollars or a corporation duly authorized to do business in the State of Texas, having a fully paid-up capital stock of at least One Hundred Thousand ($100,000.00) Dollars, which said bond shall be in the sum of Fifteen Hundred ($1500.00) Dollars, conditioned that the principal obligor, if granted a license, would engage in the business of house moving within the corporate limits of the City in strict accordance with the terms of .-., - this Ordinance and will pay to the City any and all damages to the streets, curbs, gutters, water lines, fire hydrants and other public property occasioned in any manner by the principal obligor's moving of houses, and further con- ditioned that the principal obligor will pay to the City as minimum liquidated damages the sum of Fifty ($50.00) Dollars per day for each day or part of day that any house being moved by said obligor shall remain on any street or part of the street in excess of the number of days shown in the permit for moving such house issued such licensee by the City. The said bond shall contain a provision that the parties recognize that the damage to the City occasioned by any house remaining on any street or part of a street in excess of the number of days shown in the permit will in all probability be difficult to ascertain .,- -~ - 2 -