None of the rights and privileges herein granted and conveyed shall pass to the said Grantee unless the Grantee shall file with the recorder of the City with its acceptance of the franchise, and agreement by the Grantee to convey and assign all its properties and assets to the City of Paris upon the City making full payment and satisfaction of all indebtedness of the Grantee. The full payment and satisfaction of all indebtedness above referred to shall not be deemed to have occurred until after the Grantee shall have initially issued indebtedness secured by a lien upon all or substantially all of its properties and assets, or by pledge of said lien upon the revenues to or derived therefrom, and it does not mean such a full payment as may temporarily occur merely in connection with the refunding or refinancing program of the Grantee. This agreement shall be the consideration fro all the rights and privileges granted and provided by this ordinance and shall be lieu of any and all other fees, charges and licenses which the City might impose for the rights and privileges herein granted.