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fund up to the sum of Twenty Thousand ($20,000.00) Dollars, plus <br />Five Hundred Dollars ($500.00) for each additional cab over <br />twenty -five (25), in cash or a like amount of face value in govern <br />ment bonds. Upon neglect or refusal of said licensee to reestabli <br />said guaranty fund, upon ten (10) days' written notice by the said <br />Controller to said licensee, the license or licenses to operate <br />taxicabs theretofore granted by the said Controller to said <br />licensee shall be revoked and cancelled; or <br />(2) A policy of insurance in the total amount of <br />5,000.00 for injury to or destruction of property as the result <br />of any one accident, and a public liability policy covering <br />accidental bodily injury, including death, to any member of the <br />public in an amount of not less than $5,000.00,for the injury or <br />death of any one person, and a minimum limit of not less than <br />$10,000.00 for all public liability resulting from any one aeciden' <br />which policy or policies of insurance shall insure said owner or <br />operator, and their agents, against liability for the payment of <br />any final judgment, or in case of appeal within sixty (60) days <br />after the affirmation of said judgment, that may be rendered <br />. <br />against him or them for damages to the property or persons of <br />others or for damage for the wrongful death of others, resulting <br />from any accident or collision, for which said owner or operator <br />will be liable on account of any act of negligence in the operat <br />of said taxicab or taxicabs, of which may arise or result from <br />any violation of any of the provisions of this ordinance or the <br />laws of the State of Indiana by him or his agents or servants. <br />Section 3. That Section 21 of Ordinance No. 2979 be <br />amended to read as follows: <br />SECTION 21. TAXICAB LICENSE: <br />No person, firm or corporation shall operate or permit <br />to be operated any taxicab within the City of South Bend, Indiana, <br />over which he or it has control, without having first obtained <br />therefor a• taxicab license from the City Controller under the pro- <br />6. <br />�, <br />