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medium of display or advertising, electric or otherwise, until such person has filed
<br />with the city clerk, a surety bond in the sum of one thousand dollars ($1,000.00).
<br />Such bond shall be approved by the building official and city attorney and shall be
<br />conditioned for the installation and erection of signs in accordance with the
<br />provisions of this Code, ordinances of the City and the laws of the state, and shall
<br />provide for the indemnification of the City for any and all damages or liability
<br />which may accrue against it by reason of faulty installation, erection, demolition,
<br />repair, removal or defects in, or collapse of, any sign for a period of one (1) year
<br />after erection and for such period of time that such sign is maintained or serviced
<br />by or under the direction of the maker of such bond. Such bond shall further
<br />provide for the indemnification of any person, who shall, while upon public
<br />property or in any public place, incur damage for the principal named in the bond
<br />is legally liable. When any sign contractor's license has been cancelled as provided
<br />by section 28-16, such license shall not be renewed until the contractor furnishes
<br />an additional bond in the amount of one thousand dollars ($1,000.00),
<br />guaranteeing compliance with the provisions of this chapter, which bond shall be
<br />for a period of two (2) years following renewal of the license. In addition to the
<br />above bond, each contractor agrees to indemnify, save, keep and hold harmless the
<br />City of Paris, hereinafter referred to as "City", from and against any and all
<br />demands, debts, liabilities, suits, claims and causes of action of every kind and
<br />character whatsoever for damage or injuries to persons and/or property occurring
<br />on the leased premises resulting from licensee, his invitees, agents, servants or
<br />employees' use, and City shall not be liable to licensee, his invitees, agents,
<br />servants, employees or visitors due to the improvements located thereon, or
<br />hereafter constructed, or any other condition of the premises being improperly
<br />constructed, maintained or being or becoming out of repair, licensee hereby
<br />waiving any defects therein and agrees to hold and save City harmless from all
<br />claims for any such damages or injuries, and licensee must at all times during the
<br />term of this agreement, and any extensions thereof, keep and maintain in full force
<br />and effect a policy or policies of insurance, providing at least two hundred fifty
<br />thousand dollars ($250,000.00) per person and five hundred thousand dollars
<br />($500,000.00) for any single occurrence for bodily injury or death and one
<br />hundred thousand dollars ($100,000.00) for any single occurrence for injury to or
<br />destruction of property, indemnifying all persons for any and all damages,
<br />personal injuries or property damages sustained in or upon the premises of said
<br />leased property, or any part thereof, as the result of the negligence of licensee, his
<br />invitees, agents, servants or employees, and shall pay all premiums due thereon
<br />when due. It is expressly provided that such insurance policy or policies shall and
<br />must be written and issued by a reputable insurance company or companies, with
<br />City as an additional insured, subject to approval by the city attorney of the City of
<br />Paris, and licensee or his insurance carrier or carriers shall deliver a copy of any
<br />such policies to the city clerk of the City of Paris, 150 1st S.E. Street, Paris, Texas
<br />75460, or furnish to said city clerk a current letter or certificate from such
<br />company or companies, evidencing the fact that such insurance is in full force and
<br />effect at all times during this lease and any extension thereof and specifically
<br />noting thereon that City is an additional insured. All such policies shall be written
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