(A)   The grantee shall hold the city, its officers, boards, employees, agents, and servants harmless from any liability, loss, claim, expense, or demand, including personal injury, death, or property damage, arising out of the grantee’s maintenance or operation of its recreational sight-seeing tours under this franchise.
   (B)   The grantee agrees to keep in force a policy of insurance approved by the City Council, covering liability and property damages while afloat or docked with the minimum amount of liability thereunder as follows: Not less than $1,000,000. The city shall be named the insured, and the policy shall remain in effect during the term of this franchise.
   (C)   The grantee shall keep in effect all other forms of insurance required by the state or federal government for its operation of this franchise during the franchise term.
(‘68 Code, § 9-7) (Ord. 1623, passed 9-8-86)