(A) Prior to operating or constructing, a grantee shall file a bond with the Cable Council in an amount set forth in the franchise to ensure compliance with this chapter.
(B) The grantee shall pay, and by its acceptance of the franchise expressly agrees to pay, all damages and penalties which the village may legally be required to pay as a result of the grantee's negligence in the construction, operation or maintenance of the system authorized herein. However, the village shall provide prompt notice to the grantee of such a claim, afford the grantee the opportunity to defend, settle or otherwise resolve the claim in the grantee's discretion and assist the grantee therein in any reasonable way, upon the request of the grantee. The grantee shall carry and pay the cost of liability insurance in support of its undertaking, to hold the village harmless from loss sustained on account of the negligence of the grantee, for injury to or death of persons and injury to or destruction of property. The amount of the insurance shall be established by the franchise.
(C) The grantee shall comply with the Workers' Compensation Law of Michigan.
(D) Any insurance policy or bond shall contain a provision that it shall not be terminated, cancelled or otherwise allowed to expire without first providing 30 days written notice to the certificate holder/obligee.
(Ord. 1 4-05, passed 4-4-2005)