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c. $50,000 for other pecuniary loss of any person. in any one occurrence, and $100,000 for otherpecuniary loss oftwo ormorepersons in any one occurrence. 11.3. The liability policy must provide that it may not be canceled for any cause either by the insured or the mi surance.company without first.&iing ten days notice to the city in. writing of that intention. The policy must alsd provide- that any amount paid by the insurance company as a result of a claim will not reduce the coverage available to pay subsequent claims. 11,4. A person must not operate any business or conduct.any activities requiring a liquor license from .the city without having in effect, apevidence on file with the city of, the financial responsibility required by this sectz�rri� The failure to have the financial responsibility in effect or on file will be>- b'Unds for immediate revocation or suspension of a license: 'Section 12. Application Procedure. 12.1. No liquor license of any kind, ppt, temporary license9,,`,— be issued until the Police department has conducted dr vestigation of the rep4'ibntations set forth in the application, the applicant's rror�4;::: charactez, and the 'applicant's financial status. All applicants mist, cooperate vkii- Khi �rivestigafion; Any ise statement or t�= r material omission mach&} y flie;4pplicant u ig the course of the investigation will be grounds for denying oigge l 11.2. No license m4y4 with the fol?wix city ��vune; publishe. �= x •:;�k.-. gip,;. .� z rn =1] ` . .�' ;�a7.I1fQXJC putili' ar be donee;: :`.. For tempos r.ection 6.5 issued iW the Yt�4W leas fie) liehearings in accordance ;ent r alt liquoP, %cewes, one pal lie hearing must be held before the I at'l'east ten da s -aftor notice of the time and place. has been g liquor 12ensci acid consumption and display permits, two he held oaf toast. 27 days apart. Notice of the bearings will sai; anner as that specified. in ordinance 91; section .2.3. licens'e';@the public hearing will. be. held in accordance: with d: At the.public� kings, al1.persons.interested in the matter will. be heard; .and the hearipgs q e adjourned from time to time. No hearing is required for a renew0, icense, but the council may at its option, hold a hearing: 12J. The city council. inay issue a license before an investigation, notice and public hearing for: a. an applicant who: (1) had a liquor license within the previous. five years for the establishment. that is specified in the application and that is continuing to operate under a liquor license;