No permit to move a building authorized by the street superintendent or other city officer shall be issued until the permittee has filed with the city clerk a policy of public liability and property damage, or approved certificate thereof, issued by a responsible insurance company authorized to do business in the state. The policy shall insure the permittee and shall insure to the benefit of any and all persons suffering the loss or damage either to person or property by reason of wrongful or negligent acts in moving the building. The policy shall also contain a clause of special endorsement indemnifying and saving harmless the city, its officers, agents and employees against any loss, damage, costs and expenses which may in anywise accrue against the city, its officers, agents or employees in consequence of the granting of the permit for moving any building. Such policy shall insure against loss from the liability imposed by law for injury to, or death of, any person in the amount or limit of five hundred thousand dollars on account of injury to, or death of, any one person, and, subject to the same limit as respects injury to, or death of, one person, of five hundred thousand dollars on account of any one accident resulting in injury to, or death of, more than one person, and of one hundred thousand dollars for damage to property of others resulting from any one accident. Such policy shall certify therein that it shall not be canceled except upon thirty days' prior written notice thereof to the city clerk. The liability insurance shall be a continuing liability up to the full amount thereof notwithstanding any recovery thereon.
(Ord. 226 § 21, 1973)