Before a license shall be issued, the shall post or maintain with the a bond or policy of public liability insurance approved by the City Attorney and conditioned substantially as follows.
(a) The licensee will indemnify and save harmless the , its officers, agents and employees from any and all loss, costs, damages, expenses or liability which may result from or arise out of the granting of such license or the installation, maintenance or removal of such bench or for which a license is issued, regardless of the point to which the bench or may be moved within the with or without the consent of the licensee and that the licensee will pay any and all loss or damage that may be sustained by any as a result of, or which may be caused by, or arise out of such installation, maintenance or removal.
(b) Such bond or policy of insurance including the as a named insured shall be maintained in its original amount by the licensee at the licensee’s expense at all times during the period for which the license is in effect. In the event that the is issued a license for two or more benches or , one such bond or policy of insurance may be furnished to cover all of the benches or , and each bond or policy shall be of the type which coverage shall automatically be restored immediately after the occurrence of any accident or loss from which liability may thereafter accrue. The limit of liability upon any bond or policy of insurance so posted shall in no case be less than $300,000 for a loss, bodily injuries or death occurring to any one , or arising out of any one accident. Any termination or lapse of such insurance shall automatically revoke any license issued pursuant to this Division B.
(1958 Code, § 140.05) (Ord. 66-46, passed 8-1-1966; Ord. 74-108, passed 11-18-1974; Ord. 94-47, passed 8-15-1994; recodified by Ord. 95-13, passed 8-7-1995; Ord. 2004-12, passed 4-5-2004)