The applicant hereby applies for membership in and agrees to take telephone service from a corporation organized under the laws of the state of Kentucky under the name of Foothills Rural Telephone Cooperative Corporation, Inc., (hereinafter called the "Cooperative") for the purpose of furnishing telephone service, upon the following terms and conditions:
1. The applicant will pay an amount not to exceed $45.00 which shall constitute the membership fee. The amount of said membership fee to be paid by the applicant as a prerequisite to membership in the Cooperative, shall be set forth in the bylaws of the Cooperative.
2. The applicant will, when telephone service becomes available, take from the Cooperative telephone service to be used on the premises and will pay therefore monthly rates to be determined from time to time in accordance with the procedures specified in the bylaws of the Cooperative, it being expressly understood that all amounts paid by the applicant in excess of operating costs and expense of the Cooperative are furnished by the applicant as capital and the applicant shall be credited with the capital so furnished as provided by the bylaws.
3. The applicant hereby grants to the Cooperative a right-of-way easement to construct, operate and maintain a telephone line or system on the land or lands of the applicant and in or upon all streets, roads or highways abutting said land. The applicant agrees to the joint use or occupancy of said right-of-way easement and/or line or system by any other person, firm, cooperative, or corporation for telephone, electrification, cable TV or other utility or communication purpose.
4. The applicant will comply with and be bound by the provisions of the charter and bylaws of the Cooperative, and such rules and regulations as may from time to time be adopted by the Cooperative.
5. The applicant, by becoming a member, assumes no personal liability, or responsibility for any debts or liabilities of the Cooperative, and it is expressly understood that the applicant's private property is exempt from execution for any such debts or liabilities.
6. The application is made in consideration of similar applications by others and is understood to be an agreement with such applicants.
7. The acceptance of this application by the Cooperative shall constitute an agreement between the applicant and the Cooperative, and shall continue in force from date or until cancelled by at least 30 days written notice given by either party to the other.
8. The applicant agrees that any part of the amount paid pursuant to this application may be used for the development of a telephone system.