1978-08-16 Regular Meeting - Laserfiche WebLink

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• • Section 7. In consideration of the rights and privileges herein granted, Grantee agrees to pay, on or before each May 1, August 1, November 1, and February 1, during the term of this franchise the sum of One Hundred Twenty-Five and No/100 (_$125.00) Dollars, plus an additional amount equal to three percent (3$~) of its gross receipts from the sale of gas and merchandise within the City limits during the three month period ending with the last. day of the second month preceding each such date. Upon request of the above amount of money, the City Clerk shall deliver to the Grantee a receipt for such amount. Upon request of the Grantor, Grantee shall present to • it any $nd all records, accounts and books for inspection relative to the gross receipts of Grantee within the corporate limits of the Grantor. The consideration hereinabove set forth shall be paid and received in lieu of any license, charge, fee, street or alley rental or other character of charge for use and occupancy for the streets, alleys and public places within Grantor, and in lieu of any pipe tax or inspection fee or tax, but shall not in anywise increase or diminish Grantee's obligation to pay the Grantor ad valorem taxes or anywise interfere with collection thereof. Any special taxes, and/or special rentals or other • charges accruing after the effective date of this franchise, under the terms of any pre-existing ordinance, or imposed upon Grantee by subsequent action of the Grantor shall, when paid to the Grantor, be applied as a credit to the amount owed to the Grantor under the terms of this franchise agreement. Section 8. It is specifically agreed .and understood that Grantor may, at its option, have inserted by amendment • hereto any greater percent of the gross receipts or any other -5-