§ A150-14. Surety bond.

A bond in form and of surety to be provided and delivered by the company and to be approved by the township in the amount of $25,000, which shall remain in effect during the entire life of the company's cable television franchise consented to by this ordinance and conditioned upon:

A. 

Faithful performance and no violation of the terms of the grant of this municipal consent as incorporated in the certificate of approval, the approval by the Board, the terms and conditions of all other governmental approvals, permits and licenses and of all undertakings by the company as represented in its application to the township for municipal consent.

B. 

The company's operation of a cable television system within the township and cable television reception service to all subscribers within the township, both continuing without any sustained interruption or repeated interruptions which are not due to circumstances outside the company's control in which the company has been notified by the township and failed to cure within a reasonable amount of time.

C. 

The company's good faith compliance with this ordinance, other applicable ordinances and resolutions of the township and applicable laws and regulations.