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<br />---. <br /> <br />_. <br /> <br />36 (14 ) <br /> <br />approved by the Insurance Commissioner of the CommoTIV!ealth of Virginia (or other <br /> <br /> <br />State official having authority to fix or approve insurance rates) shall be deemed <br /> <br /> <br />to be reasonable rates, and the grantee agrees that it will in good faith seek <br /> <br /> <br />such anproval. This insurance is not to be considered as the limit of the grantee's <br /> <br /> <br />liability under Section 14, Subsection(a), but is merely a minimum requirement to <br /> <br /> <br />fund such liability~ <br /> <br /> <br />Subsection(c)" Surety ~2lli!8 Upon acceptance by the grantee of a franchise <br /> <br /> <br />contract under the conditions of this Ordinance, and before the grantee shall have <br /> <br /> <br />any rights hereunder, the grantee shall file with the clerk of the City Council, <br /> <br /> <br />fo:c the benefit of the city, a corporate bond, in a form approved by the city <br /> <br /> <br />atto~ney, in the sum of Five Thousand Dollars (~5,000) securing the city against <br /> <br /> <br />any default on the part of the grantee whereby the city or its property shall be <br /> <br /> <br />damaged, and conditioned to the effect that the grantee will comply in all respects <br /> <br /> <br />',rith the terms, provisions and conditions of this Ordinance. <br /> <br />SECTION 15... RESTORATION OF llJjpAJRED SERVICE. <br />In the event of any interruption or impairment of service or failure of supply <br />of gas by reason of force, nature, act of God, strike, breakdown, accident or <br />other happening beyond the control of the grantee, the grantee shall use evr#y <br />reasonable effort and prompt diligence to restore such service with as little <br />- <br />interruption as pOSSible and in all events within a reasonable time, and such <br />interruption or failure for such reasons shall not constitute a breach of this <br />franchise~ <br /> <br />- 14 - <br />