Salt Lake Telegram | 1934-05-25 | Page 7 | Firms Qualify under New Law

FIRMS QUALIFY UNDER NEW LAW LA W Two Taxi Operators File Statements in Lieu of of Liability Bonds Two firms operating taxicabs in Salt Lake have qualified under the amended city ordinance permitting filing of a financial statement show showing ing assets which may be subject to execution In lieu of liability bonds or Insurance policies of 1000 for each cab operated city commission records disclosed Friday I Statements were filed by Larsen Brothers Transportation company Dc Cab company and the Salt Lake Transportation company The former forr for for- mer shows assets totaling and the latter Reports have been approved by Auditor Auditor Au Au- Samuel F. F Nicholls and Treasurer Treasur- Treasur er cr Milton E. E Lipman Under the amended ordinance companies com com- panics desiring to file a financial statement must show assets in excess of liabilities for tor operation o oless of less than 10 cabs net assets for operation of 10 to 15 cabs and net assets for operation of more than 15 cabs A 10 filing fee is charged for each statement Companies not filing these statements statements state state- ments mus must still lill furnish insurance policies or liability bonds for protection protection tion of the public on each vehicle op crated city attorneys explained Because of the growing number o or of bicycle riders on British roads an effort effort effort ef ef- ef- ef fort is being made to to have them reg reg- registered and licensed