O-1941-293 - Laserfiche WebLink

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SECTION 9 _ FACILITIES TO BE FURNISHED CITY AS ADDITlONAL CONSIDERATION. In addition to the consideration set forth ,in Section 7, the Telephone Company shall hold itself ready to furnish, subject to the use of the ,City, such wire space as may be required from time to time by the City upon the poles now owned or here- after erected by the Telephone Company in the City for the use of the City'S police and fire alarm syste~; provided that the required wire space shall not exceed the wire capacity 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 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; 1n lieu of 'any easement or franchise tax, whether levied as an ad valore~, 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 con- sideration shall be 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 pay- ment as may be necessary to the satisfaction of the Tele- phone Company's obligations, if any, to pay any such taxes, licenses, charges, fees, rentals, and easement or franchise taxes. the Telephone Company agrees to pay to the C1tyannually during the continuance of the agreement a sum of money equal to two per cent (~) of the annual gross receipts for the preceding year received by the Company from the rendition of local exchange telephone transmission service within the corporate limits of the City. The first payment hereunder shall be made April 1st, 1942, and shall equal in amount two per cent (2%) of the gross receipts received from January 1st, 1941, to Decernber 31st, 1941jsnd there- after payment shall be made annually on April lst as here- in provided. SEC~ION 8 _ PAr~NT OF CASH CONSIDERATION TO BE IN LIEU OF ANY OTHER PAYMENTS EXCEPT USUAL GENEEAL OR SPECIAL AD VALOREM TAXE~. ' -4- , e .