The applicant for a permit under the provisions of this article agrees, by the issuance
of a permit, that he will hold the City, its officers, agents and employees, harmless
from any and all claims and actions and will indemnify them from any loss, including
reasonable costs and attorney's fees, whatsoever arising from the exercise of said
permit. The applicant shall sign the application and shall also initial the form in
the margin just to the right of the hold harmless clause.