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
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