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ORDINANCE NO. <br /> AN ORDINANCE amending Section 8 of Ordinance No. 3952 <br /> dealing with the franchise granted to T .V. Cable, Inc . , providing <br /> for an increase in franchise tax. <br /> WHEREAS, it is the desire of the City of Everett to <br /> increase the franchise tax as provided by Section 8 of Ordinance <br /> No. 3952, and <br /> WHEREAS, notice has been given as required by Section <br /> 20 of Ordinance No. 3952 , <br /> NOW, THEREFORE, THE CITY OF EVERETT DOES ORDAIN: <br /> Section 1: That Section 8 of Ordinance No. 3952 is <br /> hereby amended to read as follows: <br /> Section 8. For and in consideration of the grantor <br /> having granted this franchise to the grantee pursuant to the <br /> terms hereof, the grantee agrees to compensate grantor quarterly <br /> at the rate of four per cent (47 ) of the gross earnings received <br /> by grantee from the reception, transmission and distribution of <br /> television signals and sale of grantee 's services as contemplated <br /> in and authorized by this franchise . It is specifically under- <br /> stood that said gross earnings shall not include any earnings or <br /> profit received from the wholesale or retail sale of television <br /> appliances , services rendered by, or other activities of grantee <br /> not involving use of a street, alley or other public places of <br /> the grantor, but earnings , if any received from such sale, <br /> services or other activities of grantee shall be subject to tax <br /> by the grantor pursuant to City Ordinance 3292 of grantor as the <br /> same now exists or as hereafter amended . <br /> Provided further, that any moneys received by grantee <br /> as a result of installation charges and hooking up of customers <br /> to said coaxial cable shall be considered a capital expenditure <br /> of the grantee and cost of erection and construction of grantee 's <br /> facilities and shall not be 'includable within the definition of <br /> grantee 's gross earnings for the purposes of this section. <br /> This ordinance is to take effect on the day <br /> of v /1)ik La-4, 1966 <br /> e •7 ( <br /> MAYOR <br /> Attest: <br /> Kny CITY CLERK <br /> Passed: <br /> Published: <br />