Each application for a permit required by Section 17.16.020 shall be accompanied by a written consent signed by a duly authorized officer or agent of any owner or operator of any telephone, telegraph, electric light or electric power line which extends over or into any street along which, or over which the removal of a building is to be made. Each owner of such utility line shall be required to grant consent to the removal of the building referred to in the application, if the removal can be done without interfering with the lines along or in the streets, or, in the event such removal cannot be completed without interfering with the lines, the consent must be given upon the furnishing by the applicant of an indemnity bond, issued by a corporation satisfactory to and in an amount determined adequate by the city manager, guaranteeing to the owner or operator of the utility line full and complete reimbursement for any damages or expenses caused by such removal. The bond required by this section may be combined with or included in the indemnity insurance required under Section 17.16.050; provided, that the city and such utility owner or operator are both named as beneficiaries of the insurance. (Ord. 185 NCS §3; prior code §21.43.)