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ommissions of Grantee deemed to be a violation of the provisions hereof,
and if Grantee shall not eliminate, cure or obviate such failure or
violation within ninety days after such notice, this permit shall there—
upon terminate or be forfeited.
SECTION 9s The grantee herein shall pay to the City of
Georgetown, Texas, as compensation for the rights and privileges enjoyed
hereunder, a sum equal to 2% of its total gross receipts received by
Grantee from its customers within the City bf Georgetown, Texas; provided,
however, that the amount of any Federal excise tax levied or assessed in
respect of Grantee's operations shall'.be excluded from its total gross
receipts for the purpose of calculating the permit fees herein provided.
Such fee shall be paid annually and the payment thereof shall be due on or
before the 1st. day of January of each year for the preceding year. Payment
of the fees herein provided shall be in lieu of any other tax or increased
rate of tax, or other imposed assessment or charges except ad valorem taxes.
In addition, Grantee shall pay to the City of Georgetown, Texas, the sum of
f1.50 per year as rental for each light, power and/or telephone pole owned
by the City of Georgetown, Texas, to which is attached electrical or other
apparatus owned by Grantee. The City of Georgetown, Texas, hereby agrees to
accept such payment as a fatir and equitable rent for the use of said poles and
to allow Grantee to use any of the poles so owned by the City of Georgetown,
Texas, so long as such use does not constitute a hazard of any nature and
does not interfere with the intended use of said poles. Such rental shall
be payable annually on or before the lst. day of January of each year
for the preceding year.
SECTION lOs Grantee shall undertake diligent construction of
said visual and audible entertainment system, as more fully described here—
inabove, within 18 months after the construction of a similar system is
initiated in Austin, Texas.
SECTION lls Grantee shall have ninety(90) days after final
passage of this ordinance in which to file its written acceptance thereof
with the City Secretary, and upon such acceptances being filed this
ordinance shall take effect and be in force from and after the date of it$
passage and shall effectuate and make binding the agreement contained herein.
SECTION 12t If any section, sentence, clause or phrase of the
ordinance is for any reason held illegal, invalid, or unoonatitutional , such
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