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14t'j,t-- & <br />ORDINANCE NO. 331 <br />I CITY OF MOUNDS VIEW <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br />AN ORDINANCE AMENDING THE MUNICIPAL CODE <br />OF MOUNDS VIEW BY AMENDING CHAPTER 100, <br />ENTITLED "INTOXICATING LIQUORS" <br />The Council of the City of Mounds View does hereby ordain: <br />SECTION I. Chapter 100.03, Subdivision 2, Insurance Required, <br />is amended as follows: <br />Subdivision 2. insuranee-Required; Proof of <br />Financial Responsibility. Each application for <br />a license shall be accompanied by a -liability <br />insuranee -peIiey-prev€ding-eeverage-in-the- ameunt <br />ef-¢�88;888-fer-ene-persen-end-¢388;888-fer-mere <br />then-ene-persen-£er-any-ene-aeeident-and-vhieh <br />eempiies-with-Minneseta-Statutes;-Seetien-348:i2- <br />one of the following proofs of financial responsi <br />(a) A certificate that there is in effect an <br />insurance policy or pool providing coverage <br />o-T at least: <br />(1) $100,000 because of bodily injury to any <br />one person in any one occurrence an <br />subject to the limit of one person, in <br />u <br />se of iniury to or <br />one occurrence. <br />(2) $100,000 for loss of means of support of <br />any one person in any one occurrence, and, <br />subject to the limit for one person, <br />$300,000 for loss of means of support of <br />two or more persons in any one occurrence. <br />(b) A bond of a surety company <br />as prove a in c ause (a). <br />with minimum <br />A certificate of the State Treasurer that the <br />licensee has deposited with im $100,000 in <br />cash or securities which may legally be <br />purchased y savings banks or for trust funds <br />,I ( naving a market value <br />