No person shall conduct, operate, manage or sponsor any ferris wheel, merry-go-round or other amusement ride operated for hire or for the purpose of promoting or advertising any trade or business, without first filing with the City Clerk a bond or certificate of liability insurance, in the amount of at least $100,000, indemnifying the public against damages sustained by reason of the operation of such ride. Such bond or certificate of insurance shall apply to all persons, whether or not a license or permit is required by any other provision of this code, state law or city ordinance, rule or regulation.
('80 Code, § 5-1) Penalty, see § 72-99