It shall be unlawful to operate a snowplow for hire in the city, or permit the same to be operated, nor shall any license be issued hereunder, unless or until the applicant for a license shall deposit with the City Manager a prepaid policy of liability insurance for each snowplow for which a license is sought or a blanket policy covering all such snowplows, said policy to be acceptable to and approved by the City Manager and issued by a company authorized to do business in this state, indemnifying the applicant in the sum of at least $10,000 for injuries to one person: in the sum of $10,000 for injuries to more than one person which are sustained in the same accident; and $5,000 property damage in any one accident; or in such other sums as may be set by resolution of the City Council; through the operation of the snowplows by the applicant. The policy of insurance so deposited shall contain a clause obligating the company issuing the same to give ten days written notice to the City Manager before cancellation thereof.
('68 Code, § 3-702) (Ord. 156, passed 1-8-59)