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City Council Ordinance Amending 407An ordinance amending section 407.020 of Ordinance No. 407, adopted July 8, 1974 and entitled "An Ordinance Amendment to the Taxi Drivers and Draymen Ordinance," The City Council of Monticello ordains: Section No. 407.020 of Ordinance 4073 adopted July 8, 1974, and entitled "Bond" is amended to read: Tc ameAd Gity-­&ndintnco n: , "Before any license shall be issued to engage in the business of conveying baggage only, such carrier shall make and deliver to the City Clerk a bond in the sum of $500.00 which bond shall be approved by the Mayor of the City for its security and for the security of all persons employing such carriers of baggage. Before any license shall be issued to engage in the business of conveying both passengers and baggage, such carrier shall file with the City Clerk a public liability and property damage policy, in an insurance com- pany licensed to do business in the State of Minnesota, which policy shall be for the security of all persons employing the carrier or who may be injured by the negligence of any such carrier or its employees. The policy shall not be subject to cancellation by such company except upon ten days written notice filed with the City Clerk and the insurance company shall be obliged to pay all just claims whether the insured be solvent or otherwise, within the limits herein provided. The provisions of the policy shall be such that the insurance company shall be liable for property damage in the sum of $10,000.00 and as to public liability the insurance policy shall be in the sum of at least $50, 000.00 for bodily injuries to or death of one person and at least the sum of $100,000.00as to bodily injuries or death of more than one person. Passed by the City Council 8th day of May, 140 97 ayor 1- � Clerk Published in Monticello Times -- July 11, 1974• Enclosure 3: Council minutes - July 9, 1974•