It shall be unlawful for any person to engage in the business of construction, alteration, maintenance, repair or paving of any street, alley or other public way, sidewalk, curb, gutter, bridge or culvert within the city until he shall have first filed with the city secretary a surety bond in the penal sum of one thousand dollars ($1,000.00) to be approved by the council, payable to the city, conditioned on the faithful performance of the rules and regulations of the ordinances of the city and the specifications and plans of the city governing such work. The surety on said bond shall be some recognized company authorized to transact such business in the state, other than a mutual assessment company.
(Ordinance 181, sec. 1, adopted 10/15/46; 1972 Code, sec. 21-21)
(a) 
Before such contractor shall engage in any work described therein he shall file with the city secretary, and thereafter keep in full force and effect, policies of public liability insurance issued by an insurance company authorized to do such business in this state, which shall be approved by the mayor, and performable in this county, insuring the public against any loss or damage that may result to any person or property caused by the willful neglect or wilful acts of such contractor or his agents or employees in the construction of or growing out of the performance of said work; provided, the maximum amount of recovery of such policy of insurance specified shall not be less than the following sums for damages caused by the performance of said work:
(1) 
For bodily injury to any one person or the death of any one person in any one accident, one hundred thousand dollars ($100,000.00);
(2) 
For bodily injury to two (2) or more persons or the death of two (2) or more persons in any one accident, three hundred thousand dollars ($300,000.00); and
(3) 
For the injury or destruction of property in any one accident, a total of fifty thousand dollars ($50,000.00).
(b) 
All policies of insurance shall contain a provision for continuing liability thereon. It shall be the duty of such contractor and the surety on the bond to give notice to the city secretary of the expiration of such policy of insurance at least ten (10) days before the expiration thereof.
(Ordinance 181, sec. 4, adopted 10/15/46; 1972 Code, sec. 21-22)