The applicant for a display permit under this article shall, at the time of making application, furnish proof that he carries compensation insurance for his employees as provided by the laws of the state, and he shall file with the city secretary a certificate of insurance evidencing the carrying of public liability insurance in an amount not less than one hundred thousand dollars ($100,000.00) issued by an insurance carrier authorized to transact business in the state, for the benefit of the person named therein as assured, as evidence of ability to respond in damages in at least the amount of one hundred thousand dollars ($100,000.00), such policy to be approved by the fire chief, fire marshal, police chief or their designated representatives. In lieu of insurance, the applicant may file with the city secretary a bond in the amount of one hundred thousand dollars ($100,000.00) issued by an authorized surety company approved by the fire chief, fire marshal, police chief or their designated representatives, conditioned upon the applicant’s payment of all damages to persons or property which shall or may result from or be caused by such public display of fireworks or any negligence on the part of the applicant or his agents, servants, employees or subcontractors in the presentation of the public display. The city shall also be designated as an insured by the insurance policy and bonded by the bond.
(2002 Code, sec. 5.312; Ordinance adopting Code)