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collectors ? _ ! or franchise with free e f privileges in <br />said area pursuant to rules and regulations adopted by CITY, and <br />each party shall retain any revenue derived by reason of said <br />franchise which shall inure solely to the party issuing such <br />franchise. <br />ll. CITY shall not make any expenditures for land, improvements, <br />or fixed assets in which the COUNTY is to pay one-half and own <br />one-half without prior consent of COUNTY. <br />12. CITY promises to maintain workmen's compensation insurance, <br />bodily injury liability insurance in -an amount not less than <br />$100,000 for injuries to any one person and in an amount not less <br />than $300,000 on account of one accident and property damage liability <br />insui,ance in an amount not less than $20,000 during the lifetime, of <br />this contract, <br />13. This agreement shall take effect immediatley and shall be <br />in full force to June 30, 1967, inclusive. <br />14. That certain agreement by and between the parties hereto <br />dated May 11, 1959, shall be cancelled. <br />15. This agreement shall remain in effect for the fiscal year <br />from July 1, 1966, to June 30, 1967, and dal.l continue in effect <br />for each succeeding fiscal year unless written notice of termination <br />is made by either party to the other at least ninety (90) days prior <br />to the commencement of a new fiscal year. <br />16.. It is intended by this agreement to provide that.each party <br />shall pay one-half the annual costs for maintenance and operation of <br />the AREA. <br />EXI: <br />