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<br /> Section 8. Company shall furnish reasonably adequate service
<br /> to the publ.ic at reasonable rates and charges therefor; and Company
<br /> shall maintain its property, equipment and appliances in good order
<br /> and condition.
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<br /> Section 9. Company, its successors and ass.igns, agrees to
<br /> pay and City a.grees to accept, on or before the 15th day of June,
<br /> 1982, a sum of money which shall be equivalent to two percent (2%)
<br /> of the gross receipts received by Company from the sale of all gas
<br /> within the corporate limits of said City from January 1, 1981
<br /> through June 30, 1981, and a sum of money which shall be equiva-
<br /> lent to three percent (370) of the gross receipts received by Com-
<br /> pany from the sale of all gas within the corporate limits of said
<br /> City from July 1, 1981 through December 31, 1981, and on or before
<br /> the 15th day of June, 1983 a sum of money which shall be equivalent
<br /> to three percent (3%) of the gross receipts received by Company
<br /> from the sale of all gas within the corporate limits of said C.ity
<br /> during the preced.ing calendar year, with a like payment being
<br /> made on or before the 15th day oE June of each succeeding year
<br /> during the life of this franchise up to and including the year 2006,
<br /> which annual payments shall be for the rights and privileges herein
<br /> granted to Company including expressly, without limitation, the
<br /> right to use the streets, alleys and public ways of said City.
<br /> It is also expressly agreed that the aforesa.id annual payments
<br /> shall be in lieu of any and all other and additional occupation
<br /> taxes, easement and franchise taxes, or charges (whether levied
<br /> as an ad valorem, special or other character of tax or charge),
<br /> in lieu of municipal license and inspection fees, street taxes and
<br /> street or alley rentals or charges, and all other and additional
<br /> municipal taxes, charges, levies, fees and rentals of whatsoever
<br /> kind and character which City may impose or hereafter be au-
<br /> thor.ized to levy and collect, excepting only the usual general or
<br /> special ad valorem taxes, which City is authorized to levy and im-
<br /> pose upon real and personal property. Should City not have the
<br /> legal power to agree that the payment of the foregoing sums of
<br /> money shall be in lieu of taxes, licenses, fees, street or alley
<br /> rentals or charges, easement or franchise taxes or charges
<br /> aforesaid, then City agrees that it will apply so much of said sums
<br /> of money pa.id as may be necessary to satisfy Company`s obliga-
<br /> tions, if any, to pay any such taxes, licenses, charges, fees,
<br /> rentals, easement or franchise taxes or charges.
<br /> In order to determine the gross receipts received by Company
<br /> from the sale of gas within the corporate limits of City, Company
<br /> agrees that on the same date that payments are made as provided
<br /> in the preceding paragraph of this Section 9, it will file with the
<br /> City Clerk a sworn report showing the gross receipts received
<br /> from the sale of all gas w.ithin said corporate lim.its for the ca-
<br /> lendar year preceding the date of payment. City may, if .it sees
<br /> fit, have the books and records of Company examined by a repre-
<br /> sentative of said City to ascerta.in the correctness of the sworn re-
<br /> ports agreed to be ffled herein.
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<br /> Section 10. The franchise granted herein shall be subject to
<br /> the valid provisions of Section 122 of the Charter of the City of
<br /> Paris and other applicable valid sections therein, which are hereby
<br /> incorporated by reference and expressly made a part hereof, the
<br /> same as if copied verbatim.
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