No person, firm or corporation shall perform or cause to be performed
any work or construction on presently existing roadways or roadway
easements, hereafter contracted for, except maintenance works, within
the City of Warson Woods, unless said person, firm or corporation
deposit with the Clerk of the City of Warson Woods, an indemnifying
bond approved by the City Engineer, in an amount equal to twice the
estimated cost of said works or construction; said bond shall indemnify
the City of Warson Woods and its residents, jointly and severally,
against any and all losses, damages, costs and expenses to any property,
whatsoever, whether owned by the City of Warson Woods or any resident
or residents, caused or occasioned by, directly or indirectly, the
existence, operation or maintenance of said works or construction,
whether caused by the faulty, unworkmanlike or negligent works or
construction of said person, firm or corporation, or not.