§ 20-6. License—Issuance; insurance; liability.

(a)

Upon presentation of any certificate of necessity within thirty (30) days of its date, and satisfactory evidence that all license fees have been paid to the city, and that such other fees and taxes, including ad valorem taxes, as may be required by law, have been fully paid, the city secretary shall issue to the applicant a license for each vehicle specified in the certificate; provided, however, any certificate issued hereunder shall be effective until cancellation, and no additional certificate shall be required for the purpose of obtaining a license so long as the original certificate remains in effect and the applicant strictly complies with all the requirements and provisions of this chapter; and provided further, such owner or operator of a public vehicle for hire shall be limited to the character and type of operation as evidenced by such application and as specified in such certificate and license.

(b)

No license shall be issued to any person for the vehicle specified in such certificate until and unless the person shall have secured and deposited with the city secretary policies of public liability insurance issued by a solvent insurance company authorized by the board of insurance commissioners of the state to write such policies of insurance. The insurance policy shall be approved by the city attorney as to form, and approved by the city council as to sufficiency. Such policy shall be in the amount hereinafter required, and conditioned that the insurance company shall well and truly pay to any person or for the benefit of any person or persons injured by reason of the negligent operation of such vehicle, any amount or amounts which may be awarded by the final judgment of any court of competent jurisdiction against the owner or operator. Such policy shall be in the minimum amount of ten thousand dollars ($10,000.00) for any one single injury to any one person, twenty thousand dollars ($20,000.00) for personal injury in any one single accident, and ten thousand dollars ($10,000.00) for property damage for any one single accident. Such insurance policy shall be executed by a solvent insurance company, and an action shall survive in case of the death of the person injured for the benefit of the legal beneficiaries of such person. Such insurance policy shall not be exhausted by the first recovery, but shall be subject to successive recoveries and shall be subject to any alternations for the route of termini of such vehicle as herein provided, during the time which same shall continue in effect. The insurance policy shall further provide and operate to the benefit of any person suffering damage to his property through the negligent operation of such vehicle. No insurance company shall cancel any policy as herein provided unless such insurance company has satisfactorily settled all claims arising under the policy.

(c)

The city shall not be deemed to have assumed any pecuniary responsibility for the solvency of any insurance company, or in any manner to have become liable for any sum on account of any such claim or on account of any act or omission of any officer of the city in connection with any matter relating to such vehicles, nor shall the lawful liability of the owner or operator be in any manner either limited or enlarged by anything in connection with this chapter or such permit or insurance policy, but persons having any cause of action secured thereby shall be authorized to sue upon such insurance policy without impleading the city.

(Ord. No. A-208A, §§ 6, 7, 2-11-63)