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<br />ORDINANCE NO. 332
<br />Page Two
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<br />(2)
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<br />$100,000 for loss of means of support ~f "
<br />any one person in any, one bccurrence, -:and ,:"
<br />subiect to th"e""l fmi t for one person, ,-"
<br />$300,000 for loss of means of support of
<br />two or more persons in any one occurrence.
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<br />A bond of a surety company with minimum coverages
<br />as provided in clause (a).
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<br />(c) A certificate of the State Treasurer that the
<br />licensee has deposited with him $100,000 in
<br />cash or securities which may legally be "
<br />purchased by savings 'banks or for trust ,funds',:".", ,.,
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<br />..Subdi ::::::: 0 ma::::o::~u:yo:o::::~~ ~o ~fie~roo<: ~~;;L..:fif~~iJ
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<br />financial responsibility under Subdivision. 2 ,hereo,f"":,,,:,:>.;:;\;:t~
<br />shall be approved by the Council and, when required, ,'-~::
<br />by the Commissioner of Public Safety ~ ' The muIlicipal '.;
<br />attorney shall approve the form 6f the financial '~
<br />responsibility.
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<br />"Subdiv~sion 4. Revocation. The operation of;.such-
<br />,,: ,"Off-sale" ::>r "on-sale" liq\,;or bu~iness without, " '
<br />, ."".,~,,_;:>,';,having on tile at all times with themunicipalit'y"'!
<br />,'''"..,--,,c-'''''''':proof'QT- financial responsibility shall be grounds
<br />for immediate revocation of the license. Notice of
<br />cancellation of a current liquor liability policy
<br />shall serve as nutice of the impending revocation
<br />of the license.
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<br />SECTION III., ""This ord.i.nance shall take effect30da}'s,aft~rthe': ,;
<br />"date of its publication. ~,
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<br />'Read by the Council of the City of Hounds View on this .14th of,
<br />February , 1983.-
<br />
<br />Read and passed by the Council of the City of Mounds View this
<br />28th day of February , 1983.
<br />
<br />ATTEST:
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<br />(SEAL)
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