1963-031 Council Ordinances - Laserfiche WebLink

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No person shall make a false statement in an application. SUBDIVISION 2. Each application for a license shall be accompanied by a surety bond, liability insurance policy, or in lieu thereof, cash or United States Government Bonds of equivalent market value as provided in Minnesota Statutes 1959, Section 340.12, except that the liability insurance policy provided for in Laws 1959, Chapter 540, and embodied in the fourth paragraph of Section 340.12 shall not be acceptable. Such surety bond or other security shall be in the sum of $5,000.00 (Five Thousand Dollars) for an applicant for an on -sale license and Three Thousand Dollars ($3,000.00) for an applicant for an off -sale license. SUBDIVISION 3. Each application for a license shall be accompanied by a liability insurance policy from a company approved by the Village Council in the amount of Ten Thousand Dollars ($10,000.00) coverage for one person and Twenty Thousand Dollars ($20,000.00) coverage for more than one person, and shall specifically provide for payment by the insurance oompany on behalf of the insured applicant of all sums which insured shall become obligated to pay by reason of liability imposed upon him by law for injury or damage to persons other than employees, including liability imposed upon insured by reason of Minnesota Statutes Section 340.95. Such liability insurance policy shall further provide no cancellation of same for any cause, can be made either by insured or insurance company without first giving ten (10) day notice to the municipality in writing. The operation of licenses premises without having on file at all times with the municipality the liability insurance policy hereinto shall be grounds for immediate revocation of license. SUBDIVISION 4. The security offered under Subdivision 2 shall be approved by the Village Council and in the case of applicants for off -sale licenses by the State Liquor Commissioner. Surety' bonds and liability insurance policies shall be approved as to form by the Village Attorney. The operation of such off -sale or on -sale liquor business without having on file at all times with the municipality an effective bond, insurance policy or other security as required in Subdivision 2 shall be grounds for immediate revocation of the license. SECTION 4. LICENSE FEES. SUBDIVISION 1. Each application for a license shall be accompanied by a receipt from the Village Treasurer for payment in full of the required fee for the license. All fees shall be paid into the general fund of the municipality. Upon rejection of any application for a license, the Treasurer shall refund the amount paid. SUBDIVISION 2. All licenses shall expire on the first day of June each year. Each license shall be issued for a period of one year except that if a portion of the license year has elapsed when the application is made, a'license may be issued for the remainder of the -year for a prorated fee. In computing such a fee, any unexpired