No license shall be issued by the Commissioner of Assessments and Licenses until there has been deposited with the Director of Finance a bond of five thousand dollars ($5,000.00) for the benefit of any person or persons who may receive injuries or suffer death by reason of the operation of such shooting gallery, which bond shall be approved by the Director of Law and the Director of Finance; or such applicant may deposit a policy or certificate of liability insurance acceptable to and approved by the Director of Law and the Director of Finance, insuring and indemnifying the applicant in a sum of at least five thousand dollars ($5,000.00) for injury or death of one (1) person, and ten thousand dollars ($10,000.00) for injury or death of two (2) or more persons in any one (1) accident resulting from the operation of such shooting gallery. If a cancelled, terminated, or lapsed policy of insurance required by this section is not immediately replaced without any lapse in coverage, the license shall forthwith be cancelled.
(Ord. No. 599-11. Passed 6-6-11, eff. 6-13-11)