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In lieu of the policy or certificate of liability insurance required by this subchapter, the applicant for a license required by this subchapter may furnish a corporate surety bond, issued by a surety company authorized to do business in the state if it meets the requirements of this subchapter.
(1957 Rev. Ords., § 8.706; 1992 Code, § 43-37) (Ord. 84-82, passed 8-9-1982)