13871ORDINANCE NO. 13,871
AN ORDINANCE AMENDING ORDINANCE #13,798
AS AMENDED ESTABLISHING INSURANCE REQUIREMENTS;
DECLARING AN EMERGENCY; AND FOR OTHER PURPOSES.
BE IT ORDAINED BY THE BOARD OF DIRECTORS OF THE CITY OF
LITTLE ROCK, ARKANSAS:
SECTION 1. That Section III, (e) of Ordinance #13,798
as amended is hereby amended to read as follows:
(e) Insurance. Before any taxicab permit is issued for
the operation of such cab, the owner shall file
with the City Manager or designated agent a copy of
a policy of insurance issued by some good and
solvent incorporated insurance company licensed to
do business in the state of Arkansas, covering
separately, or on a schedule attached to such
policy, each taxicab to be operated under the
direction of such owner. Said policy must secure
payment, in accordance with the provisions thereof,
to any person, except employees of the owner, for
personal injuries to such persons and for any
damage to property, except property owned by,
rented to, leased to, in charge of, or transported
by the owner, other than baggage of passengers,
caused by the operation of such taxicab. Said
policy must be for either of the following amounts:
$50,000 for the injury or death of any one (1)
person and subject to that limit for each person;
$100,000 for each accident, and for damage to
property, $25,000 for each accident; or $10,000 for
the injury or death of any one (1) person and
subject to that limit for each person; $20,000 for
each accident, and for damage to property, $5,000
for each accident, plus file an irrevocable letter
of credit from a bank. Each insurance company and
owner is required to notify the City upon lapse or
cancellation of such policy. Upon the lapse of
such policy, the taxicab permit granted to such
owner is automatically revoked as the date the
insurance ceases to be in effect; it will
thereafter be unlawful to operate such taxicab upon
the streets, public ways, or alleys of the City of
Little Rock.
SECTION 2. Declaring an Emergency. Because there is a
need to provide the citizens of the City of Little Rock with
adequate taxicab service, and the previous Ordinance did not
meet the needs of the citizen and because this Ordinance
will alleviate those problems, an emergency is hereby
declared to exist. This Ordinance is found to be necessary
for the peace, health and safety of the public. This
Ordinance shall be in full force and effect from and after
its passage and approval.
PASSED: September 16, 1980
ATTEST: Falztc'
AP PROVED: y
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