Tennessee-Building License Permit Bond-City of Johnson City The City of Johnson City – Building License Surety Bond is required by the state of Tennessee City of Johnson City. The Bond amount (Penalty) required is $10,000. This Bond is required of principals that have applied for a license as a building contractor from the City of Johnson City. Therefore the principal is required to adhere to all laws pertaining to construction which shall indemnify the obligee from all claims due to negligence from the principal or the principal?s employees. The principal will also be required to comply with all local and state laws.