The applicant, by accepting the permit, agrees to indemnify
and hold the Borough of Wilson, its agents, servants, staff or employees,
harmless from any and all claims arising out of the location, placement
or use of the sign which is the subject of the permit hereunder. A
policy of public liability insurance with an insurance company authorized
to conduct business in Pennsylvania shall be provided, covering the
location, placement and use of such sign in an amount not less than
$1,000,000 naming the Borough of Wilson as an insured thereon.