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by him to be performed at all times during the existence of this contract. <br />In the event the contractor fails and /or refuses to conform with any or all <br />of the provisions in this contract contained, the city, at its option, may <br />cancel this contract and relieve itself from all further liability thereunder. <br />But such cancellation shall not relieve the contractor or his bondsmen or surety <br />from paying all damages which the city may suffer by reason of his failure to <br />perform and said bond shall particularly cover all payments which said city may <br />be required to make to some other person or persons to perform the provisions <br />of this contract in excess of the payments agreed to be made to said contractor <br />for the performance of the provisions of this contract during any unexpired term <br />thereof remaining after any such cancellation by the city. <br />The contractor shall carry public liability and property damage <br />insurance, as provided for in the specifications, which insurance shall be <br />written by a reliable insurance company and be approved by the Board of Public <br />Works and Safety of said City, said insurance shall be filed with the Board <br />of Public works and Safety for its approval within ten days after the execution <br />of this contract and it is understood that the filing of said insurance contracts <br />with and the approval by said Board of Public Works and Safety in the amount <br />specified in the specifications attached hereto and made a part hereof and within <br />the time herein specified, shall be a condition precedent to the final execution <br />and taking effect of this contract. <br />The contractor agrees that in the execution of this contract all proper <br />skill and care shall be exercised and all due and proper precaution shall be <br />used to prevent injury to any person or persons or property and he will, upon <br />receipt of notice from the city, defend at his own expense any action or suit <br />which may be brought against the city because of any work or acts done or <br />performed by said contractor in the performance of his duties under the terms <br />of this contract, or incidental thereto, or because of any failure on the part <br />of the contractor to perform any service or do anything required by this contract, <br />and he will pay any judgment which may be obtained against said city by reason <br />of any work or acts done hereunder by said contractor or failure or omission <br />to perform any acts required to be done hereunder; and it is expressly provided <br />that one of the conditions of the bond to be filed by the contractor, as herein <br />- 4 - <br />