No person shall construct or maintain any signs regulated by this division, except
wall bulletins and monument signs, without first having filed with the unified government
clerk a surety bond in the sum of $10,000.00, conditioned upon the faithful compliance
with the terms of this division and further holding the city and its officials harmless
from all damages, losses, expenses, or judgments that may be claimed against the unified
government by reason of the erection or maintenance of any sign regulated herein or
for the failure of such person to meeting the requirements hereof.