Ordinance No. 19359 - Laserfiche WebLink

Home Browse Search

this section, and any bond accepted by the Grantor pursuant thereto, nor any damages recovered by Grantor thereunder, nar any withdrawal from any cash deposit shall be construed to excuse faithful performance by Grantee or to limit the liability of Grantee under this ordinance for damages, either to the full amount of the band or otherwise. ~~} Proof of Performance Band, Upon the effective date of this franchise, Grantee shall furnish to Grantor proof of a cash deposit as pro- vided in Subsection ~~), or shall furnish a bond, as required in Subsection ~~), containing the following endorsement; ~t is hereby understood and agreed that this bond may not be cancelled nar the intention not to renew be submitted until 30 days after receipt by the Finance Director of the City of Eugene by registered mail of a written notice of such intent to cancel or not renew. ~3) Public Liability insurance. Grantee shall indemnify and save the Grantor free and harmless from any and all liability, loss, cost, damage, or expense from accident ar damage, either to itself or to persons or prap- 6 erty of others which may occur by reason of the exercise of the rights and privileges herein granted; and shall, for the purpose of carrying out the provisions of this section, and prior to commencing canstructi on of any kind, have in full force and effect, and file evidence thereof with the Grantor, a good and sufficient policy for policies) covering $500,000 personal injury each person, $x,000,000 personal Injury each accident, and $~D0,000 property damage with policy for policies) to be executed by an insurance company for companies) authorized and qualified to do business in the state of Oregon and conditioned to indemnify and save harmless the Grantor from and against any and all claims, actions, suits, liability loss, cost, expense, ar damage of any kind or description which may accrue to or be suffered by the Grantor or by anyone by reason of the erection, construction, reconstruction, relocation, replacing, readjustment, repair, maintenance, or operation of the coaxial Ordinance - ~9