§ A126-21. Liability insurance.

The company agrees to maintain and keep in full force and effect at its sole expense, at all times during the term of this consent, sufficient insurance insuring the Borough and the company against all liability for death, personal injury, property damage or other liability arising out of the company's construction and operation of its CATV system. Such insurance coverage shall be not less than $1,000,000 for bodily injury or death and not less than $25,000 for property damage. The company shall file with the Borough Clerk proper evidence of such coverage and shall notify the Borough of Park Ridge of any changes in coverage, cancellation or nonrenewal. The company shall not cancel or change the coverage without first giving the Borough of Park Ridge 10 days' advance notice.