Bond may be required.

Before the issuance of any permit hereunder, the applicant and the owner of record of said premises may be required to execute and file with said Town Clerk of the Town of Webster a bond to be approved as to form, manner of execution and sufficiency of surety by said Town Board in a sum not less than $2,000 with a solvent surety corporation as surety, which said bond shall be conditioned for the faithful performance of the terms and conditions of this chapter and of the conditions of the permit to be issued hereunder and for the observance of all municipal ordinances, and further to indemnify and save harmless said Town of Webster, the Town Board of said town and the Superintendent of Highways of said town for any and all damage to property of said town, and shall further be conditioned for compliance with the terms and conditions of said permit which require the filling, leveling off and reseeding of said excavation and said premises.

In the event of default upon the performance of said conditions or any of them, said bond shall be forfeited to the Town of Webster, which shall be entitled to maintain an action thereon. Said bond shall remain in full force and effect until a certificate of completion has been issued by the Building Inspector of said town certifying that all the provisions of this chapter and the conditions of any permit issued hereunder and of said bond have been punctually and fully complied with.