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Al., w AWk w . . <br />40 <br />aatic~a sbAU survivs ixa case of d+oeth of the ir:jured parson f ar the beno►f 3,t of th» <br />bwwficiary of uuch persons and that euch bond cyr policy shall bs su!bject ta sucoes- <br />$ivs rec:overies during tha tims that aurh bozul or poliay m~~ oontinus to ettect. <br />Sai.d bcand or policry of inaurama to turther parovide that no aeticata lie theraon <br />c►r againet the src~ties or raurety thoreon unti1 more thau t,h:Lrty dVs after a f 3.nal <br />ju nt fn tavor of xaid judgment creditor agai,nst tha prinv3.palj, not gendirg, an <br />apPaal or writ of srror is arad r~mains unmatisf'ied. No aat3on for the 1.ndwnn3ty <br />agaiYnst lvsa provided by sa.3.d bQnd or saiA po,1.tc;r of ixswrance shal1. 3.ie against tha <br />suretiea on udd aond or against the 3Affiuranca aacapany un7.aas the acticrn ttpon whhich <br />sa.ab j t in auaught to he aol7:.ected uas 'karau_Rftt wit,hin twexaty-f ive .arcnttis fram <br />the €later of the aoL cooplwlned crt: unleas thia provision be amtrarg W 9tate I.aws <br />vrhh3.`ah shall woveara. The said botd shall be ameuted by two ar more gavci and suffi- <br />cient ou"ties :,.f z~Lural porwas are tz.sed as survtioa, toth of whom arha3.l rosidar 3,n <br />L~ ~~~y, ri ~s., Vr ix~ ~ ~~vwt r+a~~~~y compaxW o~ ~pany au1+hori.zed <br />t6i dS1 ~siF1tban i''l the St~`rffi of Tela8• <br />Pzovided, howevers t~~t in. 1.tau of the 1nsursnes or bcand orevidod for heawrin,* ths <br />grant!e►t ina,y" dupoSit wit.h the City AucLi..t+or Uni.tod Sta#,8s GAvernment Bondas Unitod ~~ates <br />Gova+rrment 't°reaau.ry Certificate+a, vr ~;ity aP Paris bcandss or cash, in the owun c►r faca <br />.i7C4) Dal].ara, an3 upon ths zeceigt of aucah securi.ties: <br />amount of Ton Thcausarnd ('~.!~,~I:~) <br />or cash, i*, Oia11, be the duty of tYts Gity Secretary tsa isam a receipt therefors, a <br />copy of wlaiah r,ha3l be t"urnished to t,hs granUa and another aapy ta be r etained by the <br />City S►cret ar. p. The City SeaxeGary' upcrn promrttat3.an of such xocsipts shall ttrereupoa <br />aortit"y to the Vsyor that the grsratos has comp13.ed wit,h th3.s nect3oct. Zt in sqaresaly <br />prr+v3.dedj howevers that in the event of iapaiment of t,his seczurit,yp or Lhe caash de- <br />pqsitsd hateing by sjudgmnt whicb zemains urr,zatiasfied cr partial1y dspletas th3.s <br />amourt., that iL shal7. , the c3z:t, of tho grarrtoe hsearein tc rrep,l.enisn th.i.~ fund by de- <br />,,*s3.t of ackiStianal oa&h or addf.tlGonal aeauri*,,y of the character mentionod herainp <br />withtn t+en (10 days at'ter be:b.ng natit3.md t►o dQ sQ by the s,t:~yor or City Socrwtsxy. It <br />ie di.stinct3,y understood that the Msycar or atYusr officer e,aercisaxg th~ same or sim3.1ar <br />pawers, mkv from t,ime t,o time arequire the gtaretee tsa fu.a7ni.ahdotai1.ed iriformA'tinn aun <br />to the nature$ amount and aharactsr of any and ell aleims ;het are kaeing asseztsd <br />aoip►st the said grantree lray mwnbers ca.f the public. I;f at aurr;y t»Sme tbe Mey€arp or suah <br />other c?fficei, act~g in a s'imila.,* araxgmityj, canaidears the protect.ian pacav3.dod by the <br />grants* to ths ge►neral publia inadec~~tt, thon, in that eventa eauch afPiaar ahaU havs <br />