The Board of Aldermen of the City may contract with some suitable
firm, person or corporation for the collection and removal of garbage
and trash upon such terms and conditions as may, under the terms of
this Section, be deemed for the best interest of the City; provided
that any party so contracting with the City shall furnish to the City
a bond in a sum equal to one hundred percent (100%) of the contract
price of a one-year contract, a sum equal to fifty percent (50%) of
the contract price of a two-year contract, or a sum equal to fifty
percent (50%) of the contract price for the three-year contract period,
conditioned upon the faithful performance of such contract, and shall
further furnish and deposit with the City Clerk a bond of contractor's
liability insurance and save harmless the City of Shrewsbury, Missouri,
from all suits and actions of every name and description brought against
the City for, or on account of, any injuries or damages received or
sustained by any party or parties by, or from the acts of, a contractor
collecting garbage or trash or his/her servants or agents, in doing
the work contracted to be done, or by, or in consequence of, any negligence,
or on account of any act or omission of said contractor, his/her servants
or agents by taking out motor vehicle liability insurance in the sum
of one hundred thousand dollars ($100,000.00) to cover personal injuries,
including death, to each person; and three hundred thousand dollars
($300,000.00) for each accident; and ten thousand dollars ($10,000.00)
for damage to property for each accident; also complete workmens'
compensation; and public liability insurance in the sum of twenty-five
thousand dollars ($25,000.00) to cover personal injuries, including
death, to each person; and fifty thousand dollars ($50,000.00) for
each accident; and one thousand dollars ($1,000.00) for damage to
property for each accident. All premiums are to be paid by the contractor,
and such policies of insurance to be companies acceptable to said
City, and provided further that, unless such a contract is duly entered
into, the City shall have the right to provide for the collection
and removal of garbage and trash by its own employees.