The charges made to subscribers for services by the franchisee under this chapter shall be fair and reasonable and no higher than necessary to meet all costs of the service, assuming efficient and economical management and provide a fair return on the original cost, less depreciation, of the properties devoted to the service, without regard to any subsequent sale or transfer of cost of the properties. The franchisee shall receive no consideration whatsoever from its subscribers for or in connection with its service to its subscribers other than in accordance with this section, without approval of the Board of Alderpersons. The franchisee shall not charge rates in excess of the rate schedule appearing in the franchise agreement.
(Prior Code, § 4.1-32) (Ord. passed 9-19-1979)