The contractor shall furnish to the Mayor each year a certificate of insurance as evidence of indemnity for or protection to the contractor against loss resulting from the operation of each vehicle to the extent of one hundred thousand dollars ($100,000) for each person, three hundred thousand dollars ($300,000) for each accident on account of injury or death to one or more persons in any one accident and twenty-five thousand dollars ($25,000) for property damage caused in any one accident; and to save the City harmless from any and all claims which may arise by virtue of the operation of the franchise.
(Ord. 4-2-73. Passed 5-7-73.)