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8/30/62 <br /> of all insurance fully executed in the manner above mentioned, <br /> with insurance companies acceptable to the City. <br /> The Contractor's liability policy or policies and <br /> the certificate or certificates of insurance which are to be <br /> furnished the City shall contain a contractual liability en- <br /> dorsement stating that the policy or policies are extended to <br /> cover the liability assumed by the Contractor under the terms <br /> of this contract. <br /> In case of the breach of any provision of this Sec- <br /> tion, City, at its option, may take out and maintain at the <br /> expense of the Contractor, such insurance as the City may deem <br /> proper and may deduct the cost of taking out and maintaining <br /> such insurance from any sums which may be due, or become due, <br /> to the Contractor pursuant to this Agreement. <br /> Notwithstanding other provisions of this Agreement, <br /> in the event Contractor fails to obtain or keep in effect the <br /> insurance policy or policies required by this Section, City may, <br /> at its option, immediately terminate this Agreement, <br /> 23. Contractor shall not sell, assign or sublet this <br /> Agreement or any part hereof without the written consent of the <br /> City <br /> ity first had and obtained. <br /> 24. The term of this Agreement shall be for a period <br /> of one (1) year from the date of execution hereof and this <br /> Agreement shall be automatically,renewed thereafter from year <br /> to year unless either party hereto notifies the other party in <br /> writing at least seventy-five (75) days and not more than one <br /> hundred (100) days prior to the end of the term hereof, or any <br /> renewal hereof, of its desire not to renew this Agreement./ The <br /> foregoing shall be subject to any earlier termination pursuant <br /> to the provisions hereof. <br /> -10- <br /> 0.'F%%A <br /> �O-lz <br />