(A) The company shall have authority to promulgate such rules, regulations, terms, and conditions governing the conduct of its business as shall be reasonably necessary to enable the company to exercise its rights and perform its obligations under the franchise, and to assure uninterrupted service to each and all of its customers; provided, that such rules, regulations, terms, and conditions shall not conflict with the provisions hereof. Two copies of such rules, regulations, terms, and conditions adopted by the company shall be available for inspection at its local office and shall be filed in the office of the Clerk-Treasurer.
(B) In consideration of the terms hereof, the company shall pay to the town, semiannually on January l, and July l, and be payable within 30 days after due date, a 3% fee based on gross basic cable television subscriber revenues in the service area during the preceding period.
(C) Such payment shall be deemed compensation for services rendered, supervision and inspection of equipment and facilities, and for other expenses relating to the installation and operation of this system on the part of the town as provided in this agreement.
('82 Code, § 25-36-1-1(d)) (Ord. passed 1-22-80)