(A) No more than one single permittee shall be authorized to install and maintain such benches in order that all responsibility and liability imposed under this subchapter and under the law will be clearly fixed in such permittee for the benefit of the public and the city.
(B) Any such permit so issued shall be nontransferable by the permittee, and such permittee shall agree by the act of accepting such permit that the city shall not be held liable, independently of or jointly with such permittee on any cause of action at law or equity of whatever nature which might arise as a result of the installation, maintenance or use of such benches, and that such permittee shall pay any judgement with costs which may be taken against the city, its officers, agents or employees as a result therefrom.
(C) Such permittee, before preceding to install such benches, shall furnish to and file with the Clerk-Treasurer and at all times pay the premium to keep in effect a policy of insurance in some company approved by the Clerk-Treasurer naming the licensee and the city and/or its agents or employees, as assured which shall be in such form and with such conditions as to protect the city and/or its agents or employees, against all claims for death or injury resulting from the installation or maintenance of such benches, and to pay all damages which may be recovered against the city and/or its agents or employees, as a result of any such suit or suits. Such policy shall be conditioned to pay all damages not exceeding the sum of $100,000 for the death or injury to any person and with a total limit of liability for death or injury of not less than $200,000 and $5,000 for property damage. If at any time the city and/or its agents or employees shall feel itself insecure against further claims, additional insurance shall be furnished so that at all times the city shall be protected against such losses to the extent of $200,000.
(Ord. 548, passed 7-21-58) Penalty, see § 10.99