(A) No license to operate any public vehicle shall be issued or renewed by the Mayor, and it shall be unlawful to operate any public vehicle or permit any vehicle to be operated, unless and until the applicant shall deposit with the Mayor a policy or policies of liability insurance, issued by a responsible insurance company, approved as to sufficiency by the Mayor.
(B) The policy of insurance or a bond given in lieu thereof, as referred to in § 115.08, shall provide that, in case the vehicle is operated, maintained, or used with the consent or acquiescence of the owner, by one other than the owner, his or her agent, or employee, and an injury results to persons or property as indicated above, due to the negligent operation, maintenance, or use of the vehicle, the insurer or the obligors in the bond, shall pay to any judgment creditor of the person so maintaining, using, or operating the vehicle any final judgment rendered against that person.
(C) The policy or policies of insurance, and the sureties hereinbefore required, shall be valid and effective for no less a period than that for which the license is issued.
(Ord. 15-78, passed 5-2-1978) Penalty, see § 115.99