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fifty thousand dollars ($50,000.00). The policy shall be updated annually and be on file <br /> with the office of the Controller before any issuance or renewal of a company license. <br /> (ii) The policy of insurance shall insure the owner and any of the owner's agents <br /> against liability for the payment of any final judgment, less any deductible amounts, or <br /> retained limits not in excess of one thousand dollars ($1,000.00) that may be rendered <br /> against the owner or agent for injury or damages to the property or person of others, or <br /> for damage for the wrongful death of others, resulting from any accident or collision for <br /> which the owner or agent will be liable on account of any act of negligence in the <br /> operation of the vehicle, or which may arise or result from any violation of any of the <br /> provisions of this article or the laws of the State, by the owner or any of the owner's <br /> agents. <br /> (iii) The policy of insurance on file in the office of the Controller shall contain the <br /> following provision: "The City, through the office of the Controller, will be given <br /> fifteen (15) days' notice prior to the effective date of the cancellation or other material <br /> change of this policy." <br /> Section II. Chapter 4, Article 4, Section 4-45 sub-part (f) of the South Bend Municipal Code, is <br /> hereby amended to read in its entirety as follows: <br /> (f) License fees: <br /> (1) Restaurants: The City Controller shall issue a restaurant license to all persons <br /> complying with this section upon payment of ninety dollars ($90.00) per year, for <br /> restaurants having a seating capacity of up to one hundred fifty (150) patrons; and one <br /> hundred ten dollars ($110.00) per year for restaurants having a seating capacity of one <br /> hundred fifty-one (15 1)patrons and over. <br /> (2) Itinerant restaurants: The City Controller shall issue an itinerant restaurant license to all <br /> persons complying with this section upon payment of seventy-five dollars ($75.00) per <br /> location per year. <br /> (3) Mobile Food Vendor Vehicles: The City Controller shall issue a mobile food vendor <br /> vehicle license to all persons complying with this section upon payment of five <br /> twenty five dollars ($525.00) per ehiele p year. the sums required below for the type <br /> of license requested by the mobile food vendor, as follows: <br /> (i)Annual/seasonal fee: Five Hundred twenty-five dollars ($525). <br /> (ii) One- day license: Fifty dollars $50.00). <br /> (iii) 3) 0- day license: One hundred thirty dollars ($130.00). <br /> (iv) Three month license: Two hundred dollars($200.00). <br /> This license shall be conspicuously displayed within the sales window. <br /> 4 <br />