(a) As an express condition of the acceptance of such newsrack receptacle permit, the permittee thereby agrees to indemnify and save harmless the city, its elected and appointed officials, and employees against loss, liability or damages, including expenses and costs for bodily or personal injury, and for property damages sustained by any person as a result of the installation, use or maintenance of a receptacle within a newsrack within the Park and Stuart Avenue corridor.
(b) Permits issued for the utilization of a newsrack receptacle require that use or maintenance thereof shall be conditioned upon observance of the provisions of this article and by such reasonable rules and regulations as may be established by the Supervisor of code enforcement. Permits shall be issued on a first come, first served basis within 48 hours (excluding Saturday, Sunday and legal holidays) after the application has been filed. An annual permit fee in the amount established by the City shall be required.
(c) Such permit shall be valid for one year and shall be renewable pursuant to the procedure for original applications referred to in this section and upon payment of the required permit fee.