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<br />e <br /> <br /> <br />e <br /> <br />Charge upon the Gross Receipts (as hereinafter defined) of the <br />TELEPHONE COMPANY. The amount of the Charge for the first year this <br />Ordinance is in effect shall be $113,300.00. For the second year <br /> <br />the Charge shall be $128,500.00 increased by the Growth Factor as <br />set forth in paragraph l3(c), if applicable. For the third year the <br />Charge shall be calculated by adding $14,500.00 to the second year's <br /> <br />Charge and that sum shall be increased by the Growth Factor, if <br /> <br />applicable. For the fourth year the Charge shall be calculated by <br /> <br />adding $15,000.00 to the third year's Charge and that sum shall be <br /> <br />increased by the Growth Factor, if applicable. For the fifth year <br /> <br />the Charge shall be calculated by adding $15,000.00 to the fourth <br /> <br />year's Charge and that sum shall be increased by the Growth Factor, <br /> <br />. <br />if applicable. For any subsequent year while this Ordinance remains <br /> <br />in effect, the above Charge is subject to adjustment by application <br /> <br />of the Growth Factor set out in paragraph l3(c). This adjustment <br /> <br />for the Growth Factor will be made effective as of each anniversary <br /> <br />date of this Ordinance. In no event shall the Charge for subsequent <br /> <br />years that this Ordinance is in effect be less than the above amount <br /> <br />stated for the fifth year of this Ordinance, except as provided in <br /> <br />the case of disannexation as set forth in paragraph l3(e), or as <br /> <br />provided in Section 17 herein. <br /> <br />The TELEPHONE COMPANY will, according to tariff, bill such Charge to <br /> <br />-23- <br />