Section 28-43 Qualifications of applicant; liability insurance required.


    Before granting a permit, the city council shall require the applicant to produce, at a public hearing, satisfactory evidence of technical skill and financial responsibility, and shall also require the applicant to file and maintain with the city clerk, for each bus to be operated, a policy of liability insurance, issued by an insurance company authorized to do business in the state, written for a policy term of not less than one year, and providing therein that the said company shall notify the city at least ten (10) days prior to the cancellation of the policy, such policy to be acceptable and approved by the finance director and approved as to form by the city counselor, indemnifying the applicant in the sum of at least one hundred thousand dollars ($100,000.00) for injuries to or death of one person, by reason of the carelessness or negligence of the driver or operator of such bus, and three hundred thousand dollars ($300,000.00) for injury to or death of more than one person, resulting from a single accident, by reason of the carelessness or negligence of the driver or operator of such bus, and it shall be unlawful for any person to operate or permit to be operated any motor bus upon the streets or public places of the city without such policy of liability insurance being in force and on file in the office of the city clerk, as required by this section.

(Code 1964, § 11.169; Ord. No. 9919, § 1, 8-15-83)