(A) Street rental charges. The cooperative shall pay for the period of time beginning on October 1, 1986 up to and including September 30, 1996 a rental sum for its use of the roads, streets, highways, alleys and public property within the city limits of the city as are necessary to serve its member customers who reside therein to the extent and for the time permitted by law governing such rural electric cooperatives, which rental shall be based upon a sum equal to 2% of its gross receipts from the sale of electric light and power to its members whom it serves within the city limits of the city.
(1) The rental sum shall be due and payable to the city quarterly.
(2) Should the cooperative fail to pay said compensation within 30 days after the quarterly rental amount is determined to be due, the city shall have the right to collect said rental then due and owing by all legal and equitable remedies given by the law for the collection of debts or otherwise.
(`87 Code, § 22-71) (Ord. 1986-23, passed 10-21-86)
(B) No enhanced rights conferred. Nothing in this subchapter shall confer or be considered to confer any rights to the cooperative greater than those rights, powers and authorities conferred in Tex. Rev. Civ. Stat., Art. 1528b.
(`87 Code, § 22-72) (Ord. 1986-23, passed 10-21-86)