No contract on behalf of the Village for works or improvements of the Village shall be binding or valid unless such contract contains the following provisions:
“Said hereby further agrees to withhold all Village income taxes due or payable under the provisions of Chapter 33, Village of Marble Cliff Code, for wages, salaries and commissions paid to its employees and further agrees that any of its subcontractors shall be required to agree to withhold any such Village income taxes due under the chapter for services performed under this contract.”