The performance bond shall be issued by a surety licensed
to do business in Rhode Island and shall provide the following conditions:
that the same shall be recoverable by the city jointly and severally
from the principal and/or surety, any and all fines and liquidated
damages due to the city and any and all damages, losses, costs and
expenses suffered or incurred by the city resulting from the failure
of the grantee to faithfully comply with the provisions of this chapter
and the franchise; comply with the provisions of this chapter and
the franchise; comply with all orders, permits and directives of any
city agency or body having jurisdiction over its acts or defaults;
pay fees due to the city; and pay any claims, liens or taxes due the
city which arise by reason of the construction, operation, maintenance
or repair of the telecommunications systems. Such losses, costs and
expenses shall include but not be limited to attorneys' fees and other
associated expenses.