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<br />{ ~ <br /> <br />. <br /> <br />e <br /> <br />underpayment shall be due during the final year of this Ordinance, <br />then payment shall be made as follows. In the case of overpayment <br />by the TELEPHONE COMPANY, the CITY shall pay such overpayment to the <br />TELEPHONE COMPANY within l50 days following the expiration of this <br />Ordinance and, in the case of underpayment by the TELEPHONE COMPANY, <br />the TELEPHONE COMPANY shall pay such underpayment to the CITY within <br />150 days following the expiration of this Ordinance. <br /> <br />(d) Such payments shall not relieve the TELEPHONE COMPANY from <br />paying all applicable municipally-owned utility service charges. <br />Should the CITY not have the legal power to agree that the payment <br />of the foregoing Charge shall be in lieu of the taxes, licenses, <br />charges, RIGHTS-OF-WAY permit or inspection fees, rentals, <br />RIGHTS-OF-WAY easements or franchise taxes aforesaid, then the CITY <br />agrees that it will apply so much of such payments as may be <br />necessary to the satisfaction of the TELEPHONE COMPANY'S obligation, <br />if any, to pay any such taxes, licenses, charges, RIGHTS-OF-WAY <br />permi t or inspection fees, rentals, RIGHTS-OF-WAY easements or <br />franchise taxes. <br /> <br />(e) In the event that either (I) territory within the boundaries of <br />the CITY shall be disannexed and a new incorporated municipality <br /> <br />-27- <br />