Subd. 1. Form. Every application for a license to sell liquor shall state the name of the applicant, his or her age, representations as to his or her character, with such references as the Council may require, the type of license applied for, the business in connection with which the proposed license will operate and its location, whether the applicant is owner and operator of the business, how long he or she has been in that business at that place, and such other information as the Council may require from time to time. In addition to containing such information, the application shall be in the form prescribed by the Department of Public Safety and shall be verified and filed with the City Administrator. No person shall make a false statement in an application.
Subd. 2. Approval of Security. The security offered under Subd. 3 below shall be approved by the City Council and in the case of applicants for “on-sale wine” licenses by the State Department of Public Safety. Liability insurance policies shall be approved as to form by the City Attorney. Operation of a licensed business without having a file with the city at all times effective security as required by Subd. 3 below shall be cause for revocation or suspension of the license.
Subd. 3. Liability of Insurance. Prior to the issuance of a liquor license, the applicant shall file with the City Administrator a liability insurance policy in the minimum amount of $50,000 coverage for one person and $100,000 coverage for more than one person and shall comply with the provisions of M.S. § 340A.409, as it may be amended from time to time, relating to liability insurance policies.