Firm, association, partnership, or corporation shall construct, erect , alter, repair, paint, or remove any sign or sign person, post of any design or description which is now or may hereafter be erected within three feet (3') of, on or over any public sidewalk, street, or alley of Horseshoe Bend, or which shall project from, or be erected on any building within said City without first securing a permit from the City. No permit shall be issued by the City unless said person, firm, association, partnership or corporations shall have on file in the office of the City Clerk of Horseshoe Bend, a public liability policy of insurance or surety bond providing limits of not less than fifty thousand dollars ($50,000.00) on account of injury to or death of one person, and subject to the same limit for each person, and not less than one hundred thousand dollars ($100,000.00) on account of injury to or death of two (2) or more persons in any sign. Said policy of insurance or surety bond shall name the City as additional insured against any and all damages, losses, claims and demands, expenses and cost on account of any accident occurring during the construction, erection, alteration, repair, painting or removal of any sign as herein provided. (Ord. 232, 4-14-2010)