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<br />I <br /> <br />I <br /> <br />t <br /> <br />III. <br />Contractor agrees to maintain at its oWn expense public <br />liability insurance on an occurrence basis with minimum <br />limits of liability in an amount of $100,000 for bodily <br />injury, personal injury or death to anyone person; up <br />to $300,000 for each occurrence, and $200,000 for damage <br />to property; and such insurance policy shall contain the <br />endorsement that such insurance may not be cancelled or <br />amended with respect to Contractor within ten (10) days <br />written notice by registered mail to City by the insurance <br />company; and that City shall not be required to pay any <br />premiums for insurance. Any insurance policy herein required <br />or procured by Contractor shall contain an express waiver <br />of any rights of subrogation by the insurance company against <br />City. The original policy of all such insurance shall be <br />delivered by Contractor to City within ten (10) days of the <br />inception of such policy by the insurance company. <br />IV. <br />Contractor agrees to provide evidence of Workman's Compensation <br />insurance coverage for all employees of Contractor prior to <br />proceeding on project construction. <br />V. <br /> <br />Contractor agrees to provide evidence of a valid performance <br />bond in the penal sum of One Hundred Ten Thousand and No/IOO <br />Dollars ($110,000.00) and a valid payment bond in the same amount, <br />pursuant to the provisions of Article 5160, V.A.C.S. <br />VI. <br />Contractor agrees to ensure that employees and applicants for <br />employment on said project are not discriminated against because <br />of their race, color, religion, sex, or national origin. <br /> <br />VIII. <br />Pursuant to the competitive bid submitted to City by Contractor, <br />City hereby agrees to compensate Contractor in the amount of <br />One Hundred Ten Thousand and No/100 Dollars ($110,000.00) for <br />