§ 92-23. Performance Bond.
The grantee shall, concurrently with the filing of its acceptance of a franchise, file with the Clerk to the
Board of County Commissioners and at all times thereafter maintain in full force and effect for the term of
a franchise, at the grantee's sole cost and expense, a corporate surety bond with a company in a form
approved by the County Attorney of Henderson County and in the amount equal to $20,000, plus an
additional $5,000 for each 100 subscribers served or proposed to be served, provided that the total bond
required shall not exceed $75,000 renewable and negotiable annually, and conditioned upon the faithful
performance of the grantee of all of the terms and conditions of its franchise for the term thereof.