New York Terms Of Agreements; Enforcement.




 
    §   365.   Terms   of  agreements;  enforcement.  a.  Every  agreement
  memorializing the terms and conditions of a franchise, revocable consent
  or concession shall contain adequate provisions by way of forfeiture  or
  otherwise  (1)  to  secure  efficiency  of  public service at reasonable
  rates, if a public  service  is  to  be  provided,  (2)  to  assure  the
  maintenance of the property of the city in good condition throughout the
  term  of  the agreement, and (3) to provide for adequate compensation to
  the city.
    b. Every  agreement  memorializing  the  terms  and  conditions  of  a
  franchise, revocable consent or concession shall contain an agreement by
  the grantee that it will (1) permit the placement or display of the pub-
  lic  health  messages  required  by  section  17-621 of the code, on any
  property subject to such franchise, revocable consent or concession,  or
  any facility, plant, equipment or other property used in connection with
  such  franchise, revocable consent or concession; and (2) bear any costs
  associated with the posting of such public health messages and any costs
  in terms of foregone advertising revenues associated with the  placement
  or display of such public health messages.
    c.  The  responsible  agency shall also monitor the performance of the
  grantee and enforce the terms and conditions of any franchise, revocable
  consent or concession under its jurisdiction.