(A) The grantee during the life of the franchise, shall make annual payments to the city in lawful money of the United States for the privilege hereby granted, at the rate determined from time to time by resolution of the City Council or by state law, if applicable.
('64 Code, § 10-69)
(B) The grantee shall pay also, during the life of the franchise, an annual fee as determined from time to time by resolution of the City Council or by state law, if applicable, for telephone or telegraph lines maintained under the franchise.
('64 Code, § 10-70)
(Ord. 168, passed 2-9-61)