No license shall be issued for conducting any of the activities enumerated in § 117.01 until the applicant has placed on file with the Controller a certificate or certificates of insurance indicating that there is in effect a public liability insurance policy covering any damages or injuries arising out of the use and operation of any and all devices and facilities operated in connection with the activities. The insurance shall be in the minimum amount of $250,000 for each person and $1,000,000 for each accident.
(1979 Code, § 117.06) (Ord. 2858, passed 4-19-1976) Penalty, see § 117.99