The policy of insurance required by § 118.03 shall guarantee the payment to any and all persons suffering injury or damage to person or property, of any final judgment rendered against such owner or driver, within the limits mentioned in this section irrespective of the financial condition or any acts or omissions of such owner or driver, and shall enure to the benefit of such persons. Such policy shall be in the amount of $1,000,000 combined single limit.
('61 Code, § 21.4) (Ord. 271, passed - - ; Am. Ord. 469, passed - - ; Am. Ord. 986, passed - - )