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Ordinance Number 2131 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 241 25 26 27 28 29 30 31 32 89 ORDINANCE NO. 213 AN ORDINANCE OF THECITYOF SAN JUAN CAPISTRANO AMENDING SECTION 9 OF ORDINANCE NO. 35 RELATING TO THE REGULATION OF TAXICABS THE CITY COUNCIL OF THE CITY OF SAN JUAN CAPISTRANO DOES HEREBY ORDAIN AS FOLLOWS: SECTION 1. Section 9 (a)and(b) are hereby amended as follows: (a) A bond of the owner of such taxicab, approved by the City Council, with a solvent and responsible surety company authorized to do business in theStateof California as surety in the sum of Five Hundred Thousand Dollars ($500,000.00), conditioned that said owner will pay all loss or damage that .may result to persons (including passengers in said taxicab) or property from the negligent operation or defective construc- tion of such taxicab, or from the violation of the provisions of this ordinance or of any other ordinance of the City of San Juan Capistrano, or of any law of the State of California. Recovery on .said bond shall be limited to One HundredThousand Dollars ($100,000.00) for the injury or death of one person, and to Five Hundred Thousand Dollars ($500,000.00) fortheinjury or death of two or more persons in the same accident, and to One Hundred Thousand Dollars ($100,000.00) for injury or destruc- tion of property, plus excess liability coverage of One Million Dol lars ($110001000.00). Such bond shall run to the City of San Juan Capistrano, and shall inure by its terms to the benefit of any and all personssuffering loss or damage covered thereby, and shall provide that suit may be brought thereon in any court of competent jurisdiction by any such person. Said bond shall provide that there shall be a continuing liability thereon, not- withstanding any recovery thereon. If at any time in the judgment of the City Council, said bond is not sufficient for any reason, I the City Council may require such owner to replace bond with 2 another bond or with a policy of insurance as hereinafter provided, 3 satisfactory to the City Council, and in default thereof, may 4 revoke such owner's permits and licenses; or 5 (b) A policy of insurance, approved by the City Council, 6 in a solvent and responsible company authorized to do business in 7 the State of California, insuring the owner of such taxicab 8 against loss by reason of injury or damage that may result to 9 persons (including passengers in said taxicab) or property from 10 the negligent operation or defective construction of such taxicab, 11 or from violation ofthis ordinance or any other ordinance of the 12 City of San Juan Capistrano or of law of the State of California. 13 Said policy may be limited to One Hundred Thousand Dollars 14 ($100,000.00) for the injury or death of one person, and Five 15 Hundred Thousand Dollars ($500,000.00) for the injury or death 16 of two or more persons in the same accident, and to One Hundred 17 Thousand Dollars ($100,000.00) for injury or destruction of 18 property, plus excess liability coverage of One Million Dollars 19 ($1,000,000.00).- Said policy of insurance shall guarantee the pay - 20 went to any and all such persons suffering injury or damage to 21 person or property, and to those entitled to recover for death 22 of any such person, of any final judgment rendered against such 23 owner within the limits above mentioned, irrespective of the 24 financial condition or any actions or omissions of such owner, 25 and shall inure to the benefit of such persons and those entitled 26 to recover for the death of any such person. If, at any time, 27 such policy of insurance shall be cancelled by the company issuing 28 the same or the authority of such company to do business in the 29 State of California shall be revoked, or in the judgment of the 30 City Council said company is insolvent, the City Council shall 31 require said owner to replace such policy with another policy or 32 bond as above provided, satisfactory to the City Council, and in 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17- 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 default thereof may revoke such owner's permit and license. PASSED, APPROVED AND ADOPTED this 8th day of January, 1973, by the following vote, to wit: AYES: COUNCILMEN: BYRNES, CHERMAK, GAMMELL, THORPE, WEATHERS NOES: COUNCILMEN: NONE ABSENT: COUNCILMEN: NONE S ares F. Thorpe, mayor. or the C' y of San Juan Capistrano ATTEST: City cler