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<br />the telephone company <br /> <br />and, when so <br /> <br />requested by the <br /> <br />City, <br /> <br />said trimming <br /> <br />shall <br /> <br />be <br /> <br />done <br /> <br />under <br /> <br />the <br /> <br />supervision <br /> <br />and <br /> <br />direction of the governing body of the City or the appropri- <br />ate City official to whom such duties have been delegated. <br /> <br />SECTION 8: <br /> <br />Indemnification. <br /> <br />The Telephone Company <br />and holds harmless the City <br /> <br />hereby indemnifies and <br /> <br />protects <br /> <br />and its officials or <br /> <br />employees <br /> <br />from any liability which <br /> <br />may be incurred <br /> <br />by reason of <br /> <br />any <br /> <br />act or omission of the Telephone Company in connection <br /> <br />with <br /> <br />its operations hereunder. <br /> <br />SECTION 9: <br /> <br />Cash Consideration. <br /> <br />From and after the effective date of this ordinance the <br /> <br />Telephone Company shall pay to the City for its <br /> <br />supervision <br /> <br />of this Agreement, for <br /> <br />annual inspection fees, for <br /> <br />service <br /> <br />charges, and for the use of its streets, alleys, <br /> <br />sidewalks, <br /> <br />rights-of-way, and other <br /> <br />public places during <br /> <br />the term <br /> <br />of <br /> <br />this Agreement an amount (in no event to be less than eighty <br /> <br />thousand dollars annually) <br /> <br />equal to three <br /> <br />(3%) percent <br /> <br />of <br /> <br />the gross receipts <br /> <br />for the preceding <br /> <br />year received by <br /> <br />the <br /> <br />Telephone Company <br /> <br />from <br /> <br />the <br /> <br />rendition <br /> <br />of <br /> <br />local <br /> <br />exchange <br /> <br />telephone service within the <br /> <br />corporate limits of the <br /> <br />City, <br /> <br />as it now exists or as it may be later changed by annexation <br /> <br />or deannexation <br /> <br />ordinance. <br /> <br />Said amount <br /> <br />shall <br /> <br />constitute <br /> <br />compensation to the <br /> <br />City for the <br /> <br />expense incurred and <br /> <br />for <br /> <br />services rendered by the City in exercising its police power <br /> <br />of regulation <br /> <br />and <br /> <br />supervision over <br /> <br />the <br /> <br />construction <br /> <br />and <br /> <br />location of the Telephone Company's poles, wires, <br /> <br />conduits, <br /> <br />equipment and <br /> <br />other <br /> <br />facilities <br /> <br />in <br /> <br />the <br /> <br />streets, <br /> <br />alleys, <br /> <br />rights-of-way and public <br /> <br />grounds of the <br /> <br />City and shall <br /> <br />be <br /> <br />due and <br /> <br />payable in <br /> <br />quarterly installments <br /> <br />on January <br /> <br />31, <br /> <br />April 30, <br /> <br />July 31 <br /> <br />and <br /> <br />October 31 <br /> <br />of <br /> <br />each year <br /> <br />for <br /> <br />the <br /> <br />preceding calendar quarter <br /> <br />or any part <br /> <br />thereof. <br /> <br />The <br /> <br />City <br /> <br />agrees that the <br /> <br />consideration agreed to <br /> <br />herein as a <br /> <br />fran- <br /> <br />chise fee shall be paid in lieu of any special tax, license, <br /> <br />pole tax, <br /> <br />inspection fee, <br /> <br />excise, charge, <br /> <br />fee, street <br /> <br />or <br /> <br />alley easement <br /> <br />or other <br /> <br />such charge <br /> <br />or other <br /> <br />tax now <br /> <br />or <br /> <br />Page <br /> <br />4 of 7 <br />