(A) Prior to issuance by the City Clerk of any license under this subchapter, each person applying for a license shall file with the City Clerk a public liability and property damage insurance policy insuring such persons and the city against any liability imposed on such person and/or the city arising out of the operation of such show in the city by such person. Such policy shall provide for payment up to $300,000 in the event of injury or death of any one person, and for payment up to $500,000 in the event of injury or death of more than one person, and for payment up to $100,000 for property damage. Such policy shall bear an endorsement to the effect that the insurance company shall notify the City Clerk at least ten days prior to the expiration of such policy, whether by way of cancellation or limitation of term.
(B) Prior to issuance by the City Clerk of any license under this subchapter, each person applying for a license shall file with the City Clerk a bond in the penal sum of $500, indemnifying the city against any and all violations of any provision of this code or any applicable ordinance, rule or regulation of the city, to indemnify the city for any and all damage to public property of any kind or nature, and conditioned that said licensee will pay to the city all fines or penalties which may be assessed against said licensee for breach of any applicable provision of this code or any applicable ordinance of the city relating to the business carried on by such person, and conditioned further that said licensee will fulfill any obligation to a resident of the state, which obligation is incurred as a result of the operation of such show by the licensee within the city.
(C) It shall be unlawful for any person required to have a license under this subchapter, to sponsor, operate, exhibit, perform or cause to be operated, exhibited or performed, such show within the city unless a policy of insurance and bond, as required by this section, are in force at the time of said operation, exhibition or performance.
('68 Code, § 4-704) (Ord. 418, passed 5-1-72) Penalty, see § 113.999