[Ord. of 6-27-1972, § II]
An applicant for a license under Division 2 of this article shall furnish a certificate of insurance, issued by an insurance company authorized to do business in the state, acceptable in form to the City Attorney, naming the City as an insured interest. Such insurance shall insure against loss due to property damage or personal injury with liability limits of $100,000/$300,000. It is understood that the specified amounts of insurance in no way limits the liability of the applicant and the applicant shall carry insurance in such amounts so as to indemnify and save harmless the City from all claims, suits, demands and actions.