HomeMy WebLinkAbout0152_0004SECTION 7. PAYMENT OF CASH CONSIDERATION TO BE IN LIEU OF ANY
OTHER PAYMENTS EXCEPT USUAL GENERAL OR SPECIAL AD
VALOREM TAXES
That the City agrees that the consideration set forth
in the preceding section hereof shall be paid and received in
lieu of -any tax, license, charge, fee, street or alley rental or
any other character of charge for use and occupancy of the
streets, alleys, and public places of the City; in lieu of any
pole tax or inspection fee tax; in lieu of any easement or fran-
chise tax, whether levied as an ad valorem, special or other
character of tax; and in lieu of any imposition other than the
usual general or special ad valorem taxes now or hereafter
levied. Should the City not have the legal power to agree that
the payment of the foregoing cash consideration shallebe in lieu
of the taxes, licenses, charges, fees, rentals, and easement or
franchise taxes aforesaid, then the City agrees that it will
apply so much of said payment as may be necessary to the satis
-faction of the Telephone Company's obligations, if any, to pay
any such taxes, licenses, charges, fees, rentals, and easement or
franchise taxes.
SECTION B. NO EXCLUSIVE PRIVILEGES CONFERRED BY THIS
ORDINANCE
That nothing herein contained shall be construed as
giving to the Telephone Company any exclusive privileges.
SECTION 9. SUCCESSORS AND ASSIGNS
That the rights, powers, limitations, duties and
restrictions herein provided for shall. inure to and be binding
upon the parties hereto and upon their respective successors and
assigns.
SECTION 10. PERIOD OF FRANCHISE
That this agreement shall be in full force and effect
for the period beginning with the effective date hereof and
Twenty ;:' -, (2 0)
endingafter such date.
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