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AN ORDINANCE TO AMEND SECTION 6-8 OF CHAPTER 6 OF THE CODE OF THE CITY OF PORTSMOUTH, VIRGINIA, 1973, AS AMENDED, PERTAINING TO BUILDINGS. BE IT ORDAINED by the Council of the City of Portsmouth, Virginia: 1. That Section 6-8 Subsection 118.41 (7) be amended to read as follows: Section 6-8 Subsection 118.41 (7). It shall be the duty of the moving contractor to give good and sufficient bond in the penal sum of Fifty Thousand Dollars ($50,000.00), to be approved by the Department of Law of the City of Portsmouth, payable to the City of Portsmouth, Virginia, a municipal corporation, with surety conditioned to indemnify and save harmless the City from all expense and damage that may be caused by any negligent, defective or inadequate work or any act done as a result of the moving of any building or structure and/or against any and all claims, actions or causes of action which may accrue as a result thereof and to secure and insure said moving contractor's conformation and compliance with the regulations of the Building Official and the Building Code and other ordinances or laws of this City. In addition to liability for any damages or indemnification, to the City of Portsmouth or to any person by reason of such negligence or defective or inadequate work, when any work done by said moving contractor shall be deemed defective or inadequate or to be not in conformation nor in compliance with the regulations of the Building Official or the Building Code or other ordinances or laws of this City, and said contractor shall fail to revise or put such work in proper condition or comply with any regulation, Code, ordinance or law to the satisfaction of the Building official within seven days after written notification to the ccntractor's address as provided by the contractor at the time of making application for a certificate of use and occupancy for the new location, the bond shall be forfeited and the principal and surety on such bond shall be and become liable to the City of Portsmouth, Virginia, and/or to any person for damages sustained, for the sum of Fifty Thousand Dollars ($50,000.00). 2. That this ordinance shall take effect on the date of its adoption.