The company shall pay to the village, in addition to any and all privilege licenses, and ad valorem taxes or other charges hereafter levied by the village, a portion to be determined by ordinance or resolution of the annual gross operating revenues received by it within the village during each year of operation under this contract. Gross revenues shall be considered as those revenues received from customers for basic service only. Payments to be made to the village as provided herein shall be made on the basis of the customer count as determined quarterly and are to be paid quarterly.
(1997 Code, § 110.11) (Ord. 704-83, passed 1-10-1983)