(a) The city hereby reserves the right to amend any section or part of this chapter.
(b) At all reasonable times, the grantee shall permit any duly authorized representative of the city:
(1) To examine any and all financial records maintained by or under the control of the grantee relating to all revenue obtained by it from its operations under the franchise.
(2) To inspect any and all installations owned, maintained, or used by the grantee in its operation under its permit, including all towers, cables, and other components of the grantee's CATV system.
(c) The grantee shall indemnify and save harmless the city, its officers and employees, from and against any and all claims, demands, actions, suits, and proceedings by others, and against all liability to others arising out of the exercise or enjoyment of its franchise; including, but not limited to, any liability for damages by reason of or arising out of any failure of the grantee to secure consents from the owners, authorized distributors, or licensees of programs to be delivered by the grantee's CATV system, and against any loss, cost, expense, and damages resulting therefrom, including reasonable attorney's fees.
(d) Concurrently with the filing of the written acceptance, as required in section 6-3-4, the grantee shall file with the city clerk, and at all times thereafter maintain in full force and effect for the term of the permit or any renewal thereof, a good and sufficient liability insurance policy or policies, providing $300,000 coverage for personal injury, death, or property damage in each accident. The policy or policies shall name the city as an additional insured, and shall be for the purpose of insuring the city against any and all legal liability, court costs, and costs of defense, including attorney's fees, for any cause of action, claim, or demand for personal injury, death, or property damage arising out of the operations of the grantee under this chapter or its permit. In additionthereto, the grantee shall file with the city clerk, and at all times thereafter maintain in full force and effect for the term of the franchise or any renewal thereof, a cash bond (deposit) in the amount of $1,000, or good and sufficient bond in the penal sum of $1,000, executed by a surety company authorized and qualified to do business in the State of North Carolina. This bond shall be conditioned upon the faithful performance by the grantee of the obligations imposed by the provisions of this chapter and the franchise.
(e) The grantee shall pay to the city a sum of money sufficient to reimburse it for all publication expenses, including costs of printing ordinances in this code, incurred by it in connection with the granting of a franchise pursuant to the provisions of this chapter. This payment shall be made within 30 days after the city furnishes the grantee with written statement of the expenses. (Ord. of 5/3/82, No. 48-82)