In lieu of the cash deposit or bond required by the provisions of Sections 7-2.401 and 7-2.402 of this article, an applicant for a permit to move a vehicle may, upon approval by the City Engineer, file with the City Engineer an approved certificate of insurance issued by a company authorized to do a general insurance business in the State, in an amount fixed by the City Engineer as sufficient to reimburse the City, in accordance with the schedule of charges adopted by the Council, for restoring the right-of-way to its original condition in case of damage caused by moving any vehicle.
(§ 11104, T.O.O.C., as added by Ord. 50)