License and Estbalish Regulations for those Engaged in Promoting Automoblie Racing within the City Limits

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account of rain or some other act of God. SECTION IV — Before any license or permit shall be issued to any per- son, persons, .firm or corporation, they shall. file with the City Con- troller a contradt and policy of public liability and property damage Insurance of not less than $5,000.00 per individual or a. total of not less than $100,000.00 per accident, showing that the public who attend said race or contest to be held shall be fully protected as to their person and their property, that said Insurance shall be deemed to be for the protection of the public and that said Insurance shall be ex- ecuted by an Insurance Company authorized to do business in the State of Indiana, with a. paid in capital stock of not less than a Million Dollars and that said Insurance policy shall be conditioned upon the payment of any claims of whatsoever nature arising out of the conduct of such races and for the payment of any judgment that may be obtained against the holder, conductor or promoter of such races or against any dilver, chauffeur , employee, or agent connected with such races arising out of any claim or claims for damages to property of or in- jury to any spectator occurring as a result of such races. SECTION V — Before any applicant shall be granted a license for the holding or conducting of any automobile race,.the licensee must have erected or cause to be erected a suitable retaining wall not less than 20 feet in front of all spectators who are not admitted to or seated in a protected grandstand and that under no circumstances shall a lic- ense be granted to hold any such races upon any premises which are not equipped with a grandstand for the seating and protection of all persons viewing such races or a, suitable retaining wall erected not less than 20 feet from said spectator's and in front thereof and that said retain- ing wall shall be constructed of concrete of not less than 4 feet in width, at the bottom, and not less than 2 feet, at the top, and that the same shall be constructed not less than 4 feet high from the ground surface.