§288-5  Bond in lieu of insurance, allowedwhen.  In lieu of the policy of insurance, any common carrier who hasexhausted all reasonable means of securing the foregoing insurance but has beenrefused the same, may deposit with the treasurer or director of finance asurety bond, payable to the county in which it is to operate, in the principalsum of $5,000, with adequate sureties justifying thereon pursuant to section78-20, and approved by the county auditor or director of finance.  If thesurety or sureties on the bond are other than a surety company authorized to dobusiness under the laws of the State, there shall be not more than four suchsureties who shall severally justify in such amounts as, taken together, willaggregate the full amount of the bond.  In the case of such other sureties theauditor or director of finance shall require that the sureties shall alsoseverally deposit with the auditor or director of finance bonds, stocks, orother negotiable securities, or execute and deliver to the auditor or directorof finance a deed or deeds of trust of real property, all of such character asare satisfactory to the auditor or director of finance, each surety to furnishsuch security to the full cash value of one hundred per cent of the amount for whichthe surety has so justified; provided that if there be but one personal suretythe one personal surety shall so justify for the full amount of the bond.  Thebond shall be conditioned on the payment, up to the sum of $5,000, of any finaljudgment procured against the common carrier for the death of or personalinjury to any person or persons or loss or damage to property of another or anyaccident or omission connected with the operation of the common carrier. [L1941, c 186, §2; am L 1943, c 171, pt of §1; RL 1945, §7432; RL 1955, §160-144;HRS §288-5; gen ch 1985]