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• • <br />• <br />-3- <br />5. The application shall be signed by the owner. If a partnership, <br />it shall be signed by a member of the firm. If a corporation, it shall be signed <br />~y the president and attested by the secretary and the corporate seal affixed. <br />[n all cases, the person signing shall execute an affidavit, on the application <br />form, that the statements contained in such affidavit are true and correct. <br />Said application shall be accompanied by the license fee as hereinafter <br />provided. <br />Section 4. LICENSE FEE. <br />The license fee to operate an auto wrecker or wreckers shall be Twenty- <br />• <br />?ive Dollars ($25.00) a year for each wrecker which the owner desires to operate. <br />ill licenses shall expire on the first (1st) day of January. If a license is <br />granted subsequent to the first (1st) day of January in any year, the fee shali~ <br />~e paid pro rata for the balance of the year, and any portion of a month shall be <br />;onsidered as an entire month in calculating the fee to be charged. By "month" <br />is meant a license month, that is, from the first (1st) of one month to the first <br />(lst) of the next month. <br />Section 5. LIABILITY INSURANCE. <br />• <br />• <br />(a) Before any license shall be issued to any owner, or before any rem <br />I <br />reveal of said license shall be granted, the owner shall be required to file with'. <br />the City Clerk, and thereafter keep in full force and effect a standard automo- '~I <br />pile liability and property damage policy, in form approved by the State of Texas, <br />Which policy shall specifically set out that the insured automobile or truck is <br />to be used in wrecker service, and which policy shall insure such auto or truck ~' <br />chile engaged in such wrecker service; and shall also provide that in the event <br />~f its cancellation written notice shall be given by the insurer to the City <br />attorney of the City, five (5) days prior to the effective date of said cancel- <br />lation. Said policy shall be executed by an insurance company duly authorized <br />to do business in the State of Texas, and performable in Harris Connty, Texas, <br />insuring the owner and providing that the insurer shall pay all obligations by <br />law upon assured that may result from the operation of such auto wrecker ar <br />Nreckers. The maximum amount of recovery in such policy of insurance shall not <br />~e less than the following sums: <br />