Every person who installs, places or maintains a publication vending device on a public
sidewalk in the city shall file a written statement with the municipal clerk satisfactory
to the city attorney whereby the person agrees to indemnify and hold harmless the
city, its officers, directors and employees from any loss of liability or damage,
including expenses and costs, for bodily or personal injury and for property damage
sustained by any person as a result of the installation, placement or maintenance
of a publication vending device within the city.