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SECTION 7. <br />POSTING OF BONDS: <br />Every person, company or corporation erecting, maintaining or removing illumin- <br />ated signs shall submit to the Chief Electrical Inspector a bond with sureties <br />to be approved by the City Controller in the penal sum of $10,000.00 (ten <br />thousand dollars) conditioned that such person, firm or corporation shall <br />faithfully comply with the provisions and requirements of this ordinance with <br />respect to the alterations, location and safety of signs and for the payment <br />of the original permit fees required by the ordinance and conditioned further <br />to indemnify, save, and keep the City of South Bend and its officials harmless <br />from any claims, damages, liabilities, losses, actions, suits or judgments <br />which may be presented, sustained, brought or obtained against the City of <br />South Bend or its officials because of the maintenance, alteration, construction <br />or removal of any illuminated signs, or by reason of any accidents caused by or <br />resulting therefrom. <br />SECTION 8. <br />PERMIT AND INSPECTION FEES: <br />Permit fees for illuminated signs projecting over public property shall be <br />divided as follows; <br />Permit fees for new signs shall be calculated at the rate of 15 cents <br />per square foot of each face measured on skeleton framework. <br />Permit fees for signs flat against a building shall be computed as <br />follows: 15 cents per square foot, measured as total area of display <br />surface. <br />SECTION 9. <br />HEIGHT: <br />(A) The overall vertical dimension of an illuminated projecting sign shall <br />not exceed 60 feet. <br />-k - <br />