§ 115.42 COMPENSATION TO CITY; FRANCHISE FEE.
   The grantee shall pay, as compensation to the city, a fee of 3% of its gross subscriber revenues per annum. Payment of amounts due shall be made on August 1 for the period of the preceding January 1 through June 30, and on February 1 for the period of the preceding July 1 through December 31.
(Prior Code, § 115.22) (Ord. 4565, passed 11-13-1979) Penalty, see § 115.99