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time such bid Is accepted, execute and deliver tie the Town a bond in the penal sum of Fifty Thousand Dollars ($50,000.00) with security to be approved by the Town's Attorney of the Town of Washington, in favor of the Town of Washington, conditioned upon having in operation a modern dial telephone system of sufficient size to provide for the telephone requirements of the Town, with long-distance toll connections, immediately upon cessation of service by the present operator. SECTION ll. Nothing is this franchise shall be construed to mean that this is an exclusive franchise, as the Town Council reserves the right to grant additional telephone franchises to other parties. SECTION 12. All ordinances and parts of ordinances in conflict herewith are repealed. SECTION 13. This ordinance shall be effective upon its passage. Passed and adopted for bids the.day of.... 19.
APPROVED.. 19. The aforesaid is a true and correct copy of an Ordinance proposed at the regular meeting of the Town Council, held on September 11, 1979. _ 29o4
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