472 GTE Franchise Privilege - Laserfiche WebLink

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entire system, or upon its merger and consolidation with any other corporation engaged in a similar business , nor to prohibit the pledging or mortgaging of such grant or franchise in connection with all or substantially all of the physical property owned and used by it in the operation of its telecommunications and other systems for the purpose of securing payment of monies borrowed by it . Section 5 . Upon the annexation of any territory to the City of Zephyrhills , the right , privilege and franchise hereby granted shall extend to the territory so annexed, and all facilities owned, maintained or operated by said Company, located within the territory so annexed, upon any of the streets , alleys , avenues or other public places situate in such annexed territory, shall thereafter be subject to all the terms hereof. Section 6 . Commencing on the effective date of this Ordinance, the Company, its successors and assigns , shall collect from its customers receiving telecommunications and other services within the corporate limits of the City one percent (1%) of the local service revenues collected from each customer and transmit same to the City within thirty (30) days after the end of each calendar month. Local service revenues shall mean those tariff charges approved by the Florida Public Service Commission and paid to the Company by regular customers for access to the local telephone system and privilege of Telephonic Quality Communication as defined in Florida Statute 203 .012 (3) (a) (b) . Section 7 . Should the maximum franchise percentage authorized by the Florida Statutes shall be increased beyond the current value of one percent (1%) as set forth in Section 337 .401 , F. S. (1985) or as said Statute may be amended or renumbered, the franchise fee paid by the Company, its successors or assigns to the the City, may be increased up to and including the maximum percentage authorized by law at the 0.R. 1721 PG 1352