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Subdivision to the City of Batesville, Arkansas, a CATV system <br /> for the interception, sale and distribution of television and <br /> radio signals. <br /> Sec. 2: The grantee shall, at all times during the duration <br /> of this franchise, be subject to all lawful exercise of the <br /> police power by the city and to such reasonable regulation as <br /> the city shall hereinafter provide. <br /> Sec. 3: The duration of the rights, privileges and authori- <br /> ties hereby granted shall be fifteen (15) years from the date of <br /> passage of this resolution by the City Council of the City of <br /> Batesville, Independence County, Arkansas; provided, that the <br /> grantee shall have the option of extending this franchise for <br /> an additional period of fifteen (15) years on application by <br /> the grantee not later than six months before the expiration date <br /> of the franchise and not earlier than one year before the <br /> expiration date of the franchise and conditioned upon a review <br /> of the grantee's qualifications and performance and approval <br /> thereof by the City Council. <br /> Sec. 4: The authority hereby granted to conduct a CATV <br /> system in the Quail Valley Subdivision in the City of Batesville, <br /> Independence County, Arkansas, and to use and to occupy the <br /> streets therefor is not and shall not be deemed an exclusive <br /> right or permission. The city expressly reserves the right to <br /> grant similar non-exclusive franchises to other persons, firms <br /> or corporations to conduct CATV and to use the streets of the <br /> City therefor within the same or other areas of the City at <br /> any time or any period of time. No such additional franchise <br /> granted by the City shall in anywise affect the obligations of <br /> the grantee hereunder. <br /> Sec. 5: It is agreed and understood between the City of <br /> Batesville and the grantee that the grantee has previously <br /> served the area known as the Quail Valley Subdivision to the <br /> City of Batesville, Arkansas, pursuant to County Court Order <br /> entered by the Independence County Court on September 27, 1971. <br /> However, subsequent to that order, the area known as Quail <br /> Valley Subdivision to the City of Batesville, Arkansas, was <br />