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Resolution - 6535RESOLUTION NO. 6535 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF WEST COVINA ESTABLISHING THE AMOUNT OF INSURANCE REQUIRED FOR VEHICLES FOR HIRE. • WHEREAS, the City Council has ordained that the amount of insurance required for vehicles'for hire be set by resolution, and WHEREAS, the amounts of insurance coverage deemed to be currently adequate for vehicles for hire that are licensed to operate in the City of West Covina are as follows: the maximum amount of insurance for which liability shall be assumed for injury to or death of any person(s) in any accident shall be not less than three hundred thousand ($300,000.00), and the maximum amount for which liability shall be assumed for injury to or destruction of property in any one accident shall be not less than fifty thousand dollars ($50,000.00). NOW, THEREFORE, the City Council of the City of West Covina does hereby resolve as follows: ATTEST: SECTION 1. Insurance coverage for vehicles for hire shall be not less than $300,000.00 personal liability and $50,000.00.property damage.,-:' SECTION 2. This resolution shall become effective 30 days after the adoption of Ordinance No. 1544. SECTION 3. The City Clerk shall certify to the adoption of this reso- lution. MAYOR f HEREBY CERTIFY that the above and foregoing resolution was adopted at a regular meeting of the City Council of the City of West Covina on the 10th day of Mai , 1982, by the following vote of the Council. AYES: Bacon, Tennant, Shearer, Chappell, Tice NOES: None ABSENT: None e APPROVED S TO FORM: CITY ATTORNEY