In lieu of such deposit of cash or government obligations, the applicant may deposit with the Auditor a bond in the sum of five thousand dollars ($5,000) for the benefit of any person or persons who may receive injuries, acquire illness or suffer death by reason of the use of fumigants by the licensee, his agents or employees, which bond shall be approved by the Solicitor and the Auditor. The applicant may also deposit a policy or certificate of liability insurance, acceptable to and approved by the Solicitor and the Auditor, insuring and indemnifying the applicant in a sum of at least five thousand dollars ($5,000) for the injury or death of one person, and ten thousand dollars ($10,000) for the injury or death of two or more persons in any one accident resulting from the use of fumigants by the applicant, his agents or employees. The policy shall further contain a clause obligating the insurance company issuing the same to give thirty days written notice to the Solicitor and the Auditor before cancellation of the same. In case the policy of insurance is not replaced, the license of the licensee shall forthwith be cancelled at the expiration of the thirty day period.
(Ord. 196-57. Passed 7-29-57.)