The subdivider shall furnish evidence of general public liability, and property damage insurance coverage in the amounts of $500,000 for death of, or injury to, any one person, $1,000,000 for death of, or injury to, two or more persons in any one accident, and $500,000 for property damage in any one accident in an insurance company authorized to do business in the State. The insurance shall indemnify and save harmless the Village from any and all liability arising by reason of the conditions of the streets of the subdivision or out of the construction or installation of all improvements. A copy of the insurance policy shall remain at all times with the Village.
(Ord. 81-56. Passed 12-28-81.)