(A) The grantee shall pay, and by its acceptance of this franchise the grantee specifically agrees that it will pay all damages and penalties which the town may legally be required to pay as a result of granting this franchise. These damages or penalties shall include, but shall not be limited to, damages arising out of copyright infringements and all other damages arising out of the installation, operation, or maintenance of the CATV system authorized herein, whether or not any act or omission complained of is authorized, allowed or prohibited by this franchise.
(B) The grantee shall pay, and by its acceptance of this franchise specifically agrees that it will pay, all expenses incurred by the town in defending itself with regard to all damages and penalties mentioned in division (A) above. These expenses shall include all out-of-pocket expenses, such as attorney fees, and shall also include the reasonable value of any services rendered by the town attorney, his assistants, or any employees of the town.
(C) The grantee shall maintain, and by it acceptance of this franchise specifically agrees that it will maintain throughout the terms of this franchise liability insurance insuring the town and the grantee with regard to all damages mentioned in division (A) above in the minimum amounts of:
(1) $300,000 for bodily injury or death resulting from any one accident.
(2) $500,000 for property damage resulting from any one accident.
(3) $1,000,000 for all types of liability.
(D) The insurance policy obtained by the grantee in compliance with this section must be filed with the Town Council; and such insurance policy, bond, along with written evidence of payment of required premiums, shall be filed and maintained with the Town Clerk during the term of this franchise.
(Ord. 95-04, passed 2-14-95)