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The City shall require that , subsequent to <br /> qualifying for and prior to the issuance of a Certificate <br /> of Competency under this Chapter, persons qualifying for <br /> the •-said Certificate shall either be bonded through Pasco <br /> County or shall post bond in their name as principal , in <br /> the sum of FIVE THOUSAND AND OO/100 ( $5 ,000 .00) DOLLARS. <br /> , Said bondshall be payable to the Governor of the State <br /> 'of Florida, and his successors in Office and may be a <br /> cash bond or a bond with a corporation surety authorized <br /> to do business in' the State of Florida . The individual <br /> so qualified for a bond must indicate on the bond whether <br /> he/she is doing business as a corporation and is not the <br /> President , Vice President , or Secretary of said <br /> corporation , the bond must also bear the signature of one <br /> of these officers , or the principal <br /> must show his/her authority to bind the corporation . The <br /> form of said bond shall be approved and adopted by the <br /> 111 Clerk of the Circuit Court . The conditions of said bond <br /> shall be as follows : <br /> ( 1 ) The principal , and any and all agents and <br /> employees of said principal , shall protect and compensate <br /> all persons suffering any loss or damage occasioned by <br /> said principal failing to comply with any of the <br /> provisions of this Chapter or any rules , regulations , <br /> and/or codes adopted pursuant thereto . <br /> (2) The principal shall , without additional cost to <br /> the person for whom any work is performed ,. remedy all <br /> defects in workmanship or material furnished or used by <br /> 'said principal ., The principal shall , within sixty (60) <br /> ' days ' after the completion of said work , reconstruct any <br /> defective work and replace or make good any defective <br /> material , to the satisfaction of the department having <br /> jurisdiction of the class of work embraced in the code <br /> • <br /> 0. R. 1372 PG _0768___,! <br />