Legal Documents of Sweetwater

No taxicab franchise shall be issued or continued in operation unless there is in full force and effect a liability insurance policy for each vehicle authorized in the amount of two hundred fifty thousand dollars ($250,000.00) for bodily injury or death to any one person, six hundred thousand dollars ($600,000.00) for bodily injuries or death to more than one person which are sustained in the same accident, and eighty-five thousand dollars ($85,000.00) for property damage resulting from any one accident. The required insurance or bond shall inure to the benefit of the city and any person who shall be injured or who shall sustain damage to property proximately caused by the negligence of a taxicab owner, operator, or driver. A copy of said insurance policy or bond shall be filed with the city recorder, or satisfactory proof showing that same is in full force and effect shall be filed with the city recorder. (1982 Code, § 5-304, modified)