(A) A grantee expressly acknowledges that upon accepting the franchise granted hereunder, it did so relying upon its own investigation and understanding of the power and authority of the city to grant a franchise hereunder. By the acceptance of a franchise hereunder a grantee agrees that it will not at any time set up against the city in any claim or proceeding any condition or term of this chapter as unreasonable, arbitrary or void or that the city had not power or authority to make such terms or conditions of this chapter in their entirety.
(B) A grantee by acceptance of the franchise granted hereunder acknowledges that it has not been induced to enter into such franchise by any understanding or promise or other statement whether verbal or written by or on behalf of the city or by any other third person concerning any term or condition of said franchise not expressed herein.
(C) A grantee further acknowledges by acceptance of the franchise granted hereunder, that it has carefully read the terms and conditions hereof and is willing to and does accept all reasonable risks of the meaning of such terms and conditions.
(Ord. 94-0-6, passed 9-12-94)