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INSURANCE FOR BENEFIT OF FLORIDA EAST COAST <br />RAILWAY COMPANY TO BE OBTAINED, KEPT IN FULL <br />FORCE AND EFFECT AT COST OF CONTRACTOR <br />In further consideration of the sums of money herein specified <br />to be paid to Contractor, Contractor, at its cost and expense, <br />shall obtain and keep in effect until acceptance of all of the <br />work under this construction by Indian River County , <br />insurance policy or policies in, the limits of $500,000.00 each <br />person injured or killed and $1,000,000.00 each accident occurrence <br />and $500,000.00 property damage directly b7 Contractual Liability <br />Endorsement to Contractorts General Public Liability and Property <br />pamage Insurance Policies insuring Contractor against loss or <br />damage to Contractor upon the indemnities and within the limits <br />specified in the foregoing paragraph. Alternatively, Contractor <br />may procure and keep in effect during the life of this construction <br />contract as aforesaid Railroad Protective Liability Policies <br />insuring Florida East Coast Railway Company directly as insured <br />against the losses and damages but within the limits specified <br />in the foregoing indemnity paragraph. All such insurance directly <br />or indirectly for the benefit of Florida East Coast 'Railway Company <br />shall be in form satisfactory to the Manager, Industrial Development <br />and Real Estate of Florida East Coast Railway Company or its General, <br />Attorney and issued by a casualty insurance company authorized to <br />do business in the State of Florida. and having a "Bests" rating of <br />not less than Four A's or better. <br />JAN 191977 10.. <br />?II 303 <br />J <br />