Bond/insurance requirement. No registration as described in this
section shall be issued until the person applying therefor shall have
given a bond in the sum of $1,000 and produced to the Borough Manager
evidence that he is completely covered by insurance in connection
with his construction work for property damage and public liability.
The public liability coverage shall not be less than $10,000 for injury
to any one person, and $20,000 total for any accident, and the coverage
for property damage shall be not less than $5,000 to indemnify and
save harmless the Borough of Northampton from any and all claims and
suits for damages to persons or property arising from the negligence
of any person, firm or corporation registered under the provisions
of this section or by agents, employees or workmen of such registrations.
Such registrations, with good and sufficient surety to the satisfaction
of the Northampton Borough Council, will pay the full costs of restoration
and repair for any and all damages which may happen or be caused to
any tree, street, pavement, sidewalk or sewer belonging to said Borough,
or to any telegraph, telephone or electric light pole or wire of any
public service company, whether said damages or injury shall be inflicted
by said registrant or by agents, employees or workmen of the registrant,
and conditioned also that said party shall save and indemnify and
keep harmless said Borough against all liability, judgment, damages,
costs and expenses which may, in any case, secure against said Borough
in consequences of the granting of such registrant, and will fully
and completely restore to its original condition, to the satisfaction
of the Borough Manager, and all streets, pavements and sanitary sewers
which may be opened or disturbed by said party, and will in all things
strictly comply with the conditions and provisions of this chapter
and with the conditions of any permit issued pursuant thereto.