(a) Annually, the Company will apply for and the with the Village a performance bond in the sum of ten thousand dollars ($10,000) conditioned upon the Company's performance of its obligations hereunder.
(Ord. 851. Passed 9-28-70.)
(b) If the FCC, or any other government agency, should adopt rules and/or regulations which will prevent the Company from complying with all of the conditions of this chapter the bonds herein provided for shall not be forfeited, and no penalty for nonperformance shall be imposed upon the Company. (Ord. 853. Passed 11-2-70.)