(A) In consideration for the rights and privileges enjoyed under the franchise, grantee agrees to pay grantor, as a franchise fee, a sum equal to 3% of grantee’s gross receipts from the transportation, distribution, or sale of gas for domestic, commercial, or industrial consumption within the corporate limits of the city. Such fee so levied shall be in lieu of all other franchise, license, or occupation taxes or fees, which may be levied or attempted to be levied by grantor.
(B) Grantee’s franchise fee shall be payable monthly on or before the twenty-fifth day of each month, on its gross cash receipts of the preceding calendar month.
(Prior Code, Appendix C, Article II, § 11) (Ord. 809, passed 3-16-1994)