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ORDINANCE NO. 262 <br /> AN ORDINANCE OF THE CITY COUNCIL OF THE CITY <br /> OF ZEPHYRHILLS, FLORIDA, AMENDING ORDINANCE <br /> NO. 211 ; AMENDING SECTION 5(e), INCREASING <br /> THE PERFORMANCE BOND TO $10,000.00 AND RE— <br /> QUIRING THE POSTING OF THE BOND WITHIN THIRTY <br /> (30) DAYS AFTER ACCEPTANCE OF THE FRANCHISE; <br /> AMENDING SECTION 10, INCREASING ALL RATES; <br /> AMENDING SECTION 12, BY ADDITION OF SUBPARAGRAPH <br /> (b)SHALLPINVNOING EVENTAT EXCEEDATWOT(2)SBY SERVICETSR <br /> DROP <br /> TO ANY ONE (1 ) BUILDING, AND INSIDE WIRING AND <br /> REQUIRED EQUIPMENT BE INSTALLED ON A TIME AND <br /> MATERIAL BASIS, PLUS TEN PERCENT (10%) ; AND <br /> PROVIDING FOR A PUBLIC HEARING IN REGARDS TO <br /> RATE INCREASES . <br /> BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF <br /> ZEPHYRHILLS, FLORIDA, as follows : <br /> SECTION 1 : That Section 5(e) of said Ordinance No . 211 <br /> be and the same is, hereby, amended to read as follows : <br /> (e . ) The Contractor shall maintain by its <br /> acceptance of this Franchise and specifically <br /> agrees that it will maintain throughout the term <br /> of this Franchise a faithfull performance bond <br /> running to the City with a corporate surety <br /> authorized to do business as a surety in the State <br /> of Florida, in; penal sum of $10,000.00 , conditioned <br /> that the Contractor shall well and truly observe, <br /> fulfill and perform each condition of this Franchise <br /> and that in the case of any breach of condition of <br /> the bond, the amount thereof shall be recoverable <br /> from the principal or insuror thereof by the City <br /> for all damages., proximately resulting from the <br /> failure of the grantee to well and faithfully ob— <br /> serve, and perform any provision of this Franchise . <br /> That subcontractor shall post said performance <br /> bond with the City within thirty (30) days after <br /> acceptance of said Franchise by said Contractor. <br /> 1 SECTION 2 : That Section 10, be and the same is, hereby, . <br /> amended to read as follows : <br /> Section 10. Rates — Rates Discrimination Prohibition. <br /> Contractor is, hereby, authorized to make the following <br /> charges to customers using the system as follows : <br />