No license shall be granted for the holding of any carousel, circus, tent-show or like exhibition or amusement (hereinafter referred to as "circus") within the corporate limits of the Town, until the owner, manager or operator (hereinafter referred to as "operator") provides the Town Clerk with the following documents:
A.
Certificate of insurance showing that the operator has blanket coverage of $5,000,000 for liability for bodily injury and/or property damage. If the circus is held on Town property with the consent of the Mayor and Board of Aldermen, the required certificate of insurance must also name the Town as an additional insured.
B.
A properly executed indemnity and hold harmless agreement by which the operator agrees to hold the Town harmless and indemnify the Town against any claims brought or actions filed against the Town as a result of the operation of the circus, whether such claims or actions are rightfully or wrongfully brought or filed.
C.
A cash bond in the amount of $5,000 which shall indemnify the Town for any loss or damage sustained by the Town as a result of the operation of the circus. Such bond shall be in a form acceptable to the Town Attorney.