Page:United States Statutes at Large Volume 49 Part 1.djvu/215

 170 74Th CONGRESS. SESS. I. CH. 89. MAY 3, 1935. record, and filed with the said Commissioners or their designated agent, which said bond shall be conditioned for the payment of the amounts specified in section 2 hereof and shall not be cancelable except after ten days' written notice to the said Commissioners or Conditions pre- their designated agent. Such bond in the case where individual scribed. sureties are offered shall contain a schedule of the real estate of said sureties and shall constitute a lien in favor of the District of Colum- bia upon said real estate, which lien shall exist in favor of any holder of any final judgment thereafter rendered on account of damage to property over $100 in amount or injury to any person or persons caused by the operation of such person's motor vehicle. Said bond shall be recorded by the principal named therein among the land records of the District of Columbia before the same is filed with the Commissioner s or their designate d agent. If a fin al ju dg me nt rendered after the filing of the bond as aforesaid against the prin- cipal named in the surety or real-estate bond for damages sustained to person or property while said bond remains in force or effect shall not be satisfied within thirty days after its rendition, the judg- ment creditor may, for his own use and benefit and at his sole expense, bring an action in the name of the District of Columbia against the comp any or persons execu ting such bond. Deposit with the Such proof of ability to respond in damages may also be evidence Cou rt. presented to the said Commissioners or their designated agent of a deposit by such person with the clerk of the Supreme Court of the District of Columbia of a sum of money, the amount of which money shall be $11,000. The said clerk shall accept such deposit and issue a receipt therefor. But the said clerk shall not accept a deposit of money where any judgment or judgments, therefore recovered against such person as a result of damages arising from the opera- tion of any motor vehicle, shall not have been paid in full. Such money shall be held by the said clerk to satisfy, in accordance with P rovi sion s go vern - the provisions of this Act, any execution issued against such person ing. in any suit arising out of damage caused by the operation of any motor vehicle owned or operated by such person. Money so depos- ited shall not be subject to attachment or execution unless such attachment or execution shall arise out of a suit for damages, including injury to property, and personal injury or death, as a result of the operation of a motor vehicle. et Noti li of car iy policy SEC. 5. The said Com missi oner s or thei r de signa ted agen t sha ll ,of to be given Commis- be notified of the cancelation or expiration of any motor-vehicle sioners. liability policy of insurance certified under the provisions of this Act or of any surety or real estate bond at least ten days before the effec tive da te of such ca ncelat ion or expira tion. I n the abs ence of such notice of cancelation or expiration said policy of insurance shall remain in full force and effect. Upon receipt of such notice of cancelation or expiration the said Commissioners or their desig- New evidence ofabil- nated agent shall require other evidence of ability to respond in ity to respond in da m- a ges required. damages, and upon failure to furnish the same before the effective date of such cance lation or exp iration, the operat or's pe rmit a nd all Penalty for failure. of the registration certificates of the person failing to comply here- w ith shall be suspende d by the Commissione rs or their designate d a gent and shall remain so suspended until such other evidence o f ability to respond in damages shall have been given. Furnishing informa- SEC. 6. The director of vehicles and trade shall, upon request, tion. furnish any insurer, person, or surety a certified abstract of the operating record of any person subject, to the provisions of this Act, which abstra ct sha ll full y desi gnate t he mot or veh icles, if any, reg- istered in the name of such person, and if there shall be no record