In consideration of the payments provided for in § 13-4-3-1 et seq., it is expressly understood and agreed by the company and the city that the payments above specified shall be in lieu of any and all franchise, license, occupation, or any other form of excise or revenue tax (except general ad valorem property taxes, sales or gross receipt taxes, and special assessments for local improvements, standby charges, fees for trench excavation permits, sidewalk permits, and curb and gutter permits, and occupation taxes based upon revenues received from customers within the city for directory advertising), based upon or measured by the revenue, employees, payroll, property, poles, wires, instruments, conduits, pipes, fixtures or other appurtenances of the company, and all other property or equipment of the company or any part thereof; provided, that said payments shall continue only so long as the company is not prohibited from making the same by any lawful authority having jurisdiction in the premises, and so long as the city does not charge, levy or collect, or attempt to charge, levy or collect any of the forms of taxes specified above in this section; and if any lawful authority having jurisdiction in the premises shall hereafter prohibit such payment or payments, or if the city does levy, charge or collect or attempt to levy, charge or collect any of the forms of taxes specified in this section, the obligation to make such payments as provided in §§ 13-4-3-1 et seq. shall forthwith cease.
(Ord. 13-1992)