The limit of liability upon any bond or policy of insurance, posted pursuant to the requirements of this chapter shall in no case be less than ten thousand dollars for bodily injuries to or death of one person and twenty thousand dollars for bodily injuries to or death of two or more persons in any one accident and shall in no case be less than one thousand dollars for damage to property.
(Prior code § 12.12.120 (Ord. 380 § 12, 1953))