A.
This chapter allows the Town of Woodruff to grant to a franchise grantee, its successors and assigns a nonexclusive franchise to install, maintain, and operate a cable television system for the distribution of television signals, frequency-modulated radio signals, closed circuit television programs, digital transmission, audio transmission, data transmission and any electric signals capable of being carried on a fiber or coaxial network, provided that the franchise grantee conforms to the conditions, limitations, requirements of this chapter. This chapter may be amended from time to time by the Town of Woodruff through the enactment of amendments thereto.
B.
Ninety days prior to the fifth anniversary of the date of the signing of the franchise agreement, the Town of Woodruff and grantee shall meet to discuss the state of the art in the cable communications industry, and the parties shall, upon agreement and in full consideration of the economic effect thereof, amend this chapter and/or the franchise agreement to reflect state of the art inflections which will be incorporated by the franchise. The parties agree that they shall work together in good faith.