Prior to the installation of any newsrack, the newsrack owner or his agent shall:
(a) Execute a document, approved as to form by the Director of Law, agreeing to hold the City, its officers, employees and agents free and harmless from any claim, demand or judgment in favor of any person, arising out of the location of any newsrack located in a public right of way; and
(b) Deposit with the Mayor a certificate of insurance evidencing that a liability insurance policy in minimum amounts set by the Mayor has been issued, naming the City as a co-insured, and containing a provision that the policy cannot be cancelled except upon ten (10) days' written notice to the City of the fact of such cancellation. If such insurance is cancelled at any time during the time the newsrack is installed in or upon the public right of way, such newsrack shall be removed forthwith by the newsrack owner or his agent.
(Ord. 33-1984. Passed 9-17-84; Ord. 153-2021. Passed 12-6-21.)