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In the event arty licensed publ.ie vehicle shall become disabled or dis~a.l.ified <br />for fu:°ther service as such, or shal:.l. be sold, the Mayor may, in his discretion, permit <br />the transfer of the license granted f®r such public-vehicle to and for the use of <br />another public vehicle owned by the licensee, provided the licensee seeking such transfer <br />shall be in compl.i.ance with the requirements of sub-paragxapYis (a), (b) and (c) of this <br />Section 2 with respect to the public vehicle to which the license is to be transferred. <br />Sec. 3. License Card. The issuance of arty license tinder Section 2 hereof shall <br />be evidenced .by-.a card, ,in such size and form as may be prescribed by the Mayor, bearing <br />' the official license number of. the public vehicle, the state license number of such <br />vehicle, the date of inspection of the same and a statement to the effect that in. case <br />of any complaint, the Mayor or Chief of Police shall. be notified and shall be given <br />the license ntunber of such public vehicls. Such card shall be signed by the Mayor and <br />shall contain blank spaces upon which entry may be made of the date of each inspection <br />of the vehicle. Such card shall be delivered to the owner of such vehicle, and shall <br />be conspicuously displayed iri such vehicle in manner prescribed by the Mayor. <br />Sec: 1~.. Surety Bond or Liability Ir_surance. No public vehicle shall be licensed <br />hereunder or be operated for .hire upon the streets of the Village of T'Zayfield unless <br />the owner thereof has deposited with. the Mayor either <br />(a) A bond with a solvent and responsible surety company authorized to do <br />business tznd.er laws of the State of Ohio, as surety thereon, and acceptable <br />to and approved by the Mayor and Sol,~.citor of the Village, conditioned that <br />the principal wil.1 pay on final judgment recovered, against hisn. For injury <br />to one person up to the sum of Fifty Thousand Dollars .050,000.00)., for <br />injtu~ to more than one person up to the sum of One hundred Thousand Dollars <br />(~100~,000.00), and for property damage up to the sum of Twenty-Five Thousand <br />Dollars 025,000,•00), incurred in any one accident arising from~the ®peration <br />of such public vehie~, provided that a person seeking a license to operate, <br />or operation, not more than fivs public vehicles may file and maintain with <br />the Mayor a bond to secure the operations of aL such public vehicles and <br />carrying indemnities in not less than double the amount of those hereinbefore <br />specified. Any such bond shall contain a provision obligating the surety <br />to give ten (10) days written notice to the r'~ayor prior to cancellation of <br />such bond and the public vehicle license, to obtain which said.bond has been <br />given, shall expire upon the lapse or termination of such bond, or <br />(b) A policy of liability insurance written by a company authorized to do <br />btasiness tinder the lase of $he State of OYLio, and acceptable to and approved <br />by the Mayor and Solicitor of the Village indemnifying the owner of the public <br />vehicle. -in the sum of at least Fifty Thousand Dollars 0509000000) for injury <br />to one person, of Orie Dur~dred Thousand Dnlla,rs . 0100,000.00) for injury to none <br />than one person, and Twenty-F3.ve Thousand Do]~.axs 025,000.0.0) far property <br />damage, incurred in array one accident arising fromi the operation of the public <br />vehicle to be licensed. Said policy shall contain a clause obligating the <br />insurance company to give_.teh (10) days ~.tten notice to the Mayor before <br />cancellation of such policy and the license for such public vehicle shall <br />expire upon the lapse or termination of the said policy of insurance. <br />Every' such bond or policy of insurance shall contain provision for c ont3nuirig <br />liability tliereunder to the full. amount thereof, notwithstanding any recovery thereon. <br />If at any time, in the judgment ~of the Mayor, .such bond or policy shall for any cause <br />be deemed insufficient; the Mayor may regazire the owner of such licensed public vehicle <br />to replace the saaae with another sufficient bond or policy approved by the I`~ayor and <br />Solicitor. <br />Sec. 5. Filing Statements of Claims and 11~mands. Ever~r holder of a license issued <br />under Sew _ ereo s ,.a e o issuance of any such license and on or <br />before the third day of each month thereafter, file with the T~yor a statement setting <br />forth all, of the claims filed and all the judg~ents which were therein <br />