5.28.150 Liability Policy–Bond.

   A.   Subject to the approval of the City Manager, or his designated representative, the owner of any taxicab or taxicabs, operated under the provisions of this chapter, may file a bond of responsible and solvent individual authorized to issue such bonds under the laws of the State of California, containing the conditions, and giving the protection required in the motor vehicle liability policy required by Sections 5.28.120 through 5.28.140, in lieu of either, all or any part of the insurance coverage required by said sections.

   B.   In the event of the filing of a bond under the provisions of this section, the applicable provisions of said Sections 5.28.120 through 5.28.140 shall govern the furnishing of such bond and the owner filing it.

(Ord. 883, (part), 1978)