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IIJSURANCE I"OR BEIIliFIT OF FLORIDA EAST COAST <br />RAILWAY COMPANY TO BE O MAINED, KEPT IN PULL <br />FORCE AND EYFECT !:1 COST OF CON'T'RACTOR <br />In further consideration of the sums .of money herein specified <br />to be paid to Contractor, Contractor, at its cost and oxpense, <br />shall obtain and )seep in effoct until acceptance of all of the <br />work under this construction by Indian River County , <br />insurnnec 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 b• Contractual Liability <br />Endorsement to Controctorts General Public Li.nbility and Prop•:rty <br />Damage 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 Const Railway Company <br />shall be in form satisfactory to the Manager, Industrial Development <br />and Real. Estnte of Florida East Coast Railway Company or its General <br />Attorney and iseued 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 />, <br />JAN 19 1977 v 28 333 <br />M <br />. o <br />