§ 85-3. Conditions for issuance of permit; insurance.

No person shall be issued a permit for street openings until he shall have furnished satisfactory proof to the Highway Superintendent that he is qualified to perform the work under the provisions and conditions of the permit and that he has deposited with the Highway Superintendent a bond or liability insurance policy or a certificate of issuance of said bond or liability insurance policy conditioned on the strict compliance with the terms of the permit and indemnifying the town and/or persons damaged against any loss or damage occasioned by his performance under this permit. Such bond, policy or certificate must clearly state that the insured has coverage for performing excavations for the purpose of repairing water, sewer or gas piping in the Town of Oneonta rights-of-way. Such bond or liability insurance policy must be in the sum of at least $50,000/$100,000 liability and $50,000 property damage, shall not be cancelable except on not less than 10 days' written notice to the town and must be first approved by the Town Attorney before filing with the application.