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• electrical energy, located within City, shall be constructed, operated anti maintained, as to clearances, in accordance with the National Electrical Safety Code, as published in March, 198, by the National BurEau of Standards, Handbook 30; provided, however, nothing Yierein shall impair the rigYit of the City in the future by ordinance to adopt and require compliance vrith any new, amended or revised code, or by ordinance to require compliance with such further or dif- ferent standards as may be found to be in the public interest. Section 7. In consideration for the rights and privileges herein granted, the Company agrees to pay to the City for each year of the term of this franchise the sum of $500 plus a sum equal to ~o of the gross receipts for such • ear exclusive of recei is for street li hfvin received y p g g~ by the Company from its electrical 13.ghting and power sales for consumption within the corporate limits of the City. Pay- ment shall be made by the 15th day of each February for the preceding calendar year. For fractional calendar years said $500 shall be proportionately reduced and said ~~ shall be based upon the gross receipts for that part of the year in- volved. Said payments shall be in lieu of any license charge or fee, street or alley rental, or other character of charge or levy by the City for the use or occupancy of the public reads, highways, streets, lanes, alleys or other public places in the City and in lieu of any pole tax or inspection fee tax. Section 8. In addition to the considerations set forth in Section 7, the Company shall hold itself ready to furnish, free of charge, subject to the use of the City, such pole space as may be required from time to time for the installation of City owned traffic, police and fire alarm system conductors; provided such conductor space does not exceed the capacity of one crossarm on any one pole and provided such space is then available on existing poles. The specific location for these traffic, police and fire alarm conductors on Company poles shall be determined by 5.