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1 under said franchise. <br />2 Section . The grantee hereof shall file with the Clerk <br />3 <br />of said City, within three (3) months after the expiration of the <br />4 c year, ear, or fractional calendar year, following the date of <br />51the granting of this franchise, and within three (3) months after <br />1 <br />6 the expiration of each and every calendar year thereafter, a duly <br />7 verified statement showing in detail the eceipts of <br />8'1 said granteeL during the preceding calendar year, or such frac- <br />9 tional calendar year, from the sale of electricity within said <br />10 City. Such grantee shall pay to said City within fifteen <br />(1 <br />111i days after the time for filing said statement, in lawful money <br />12 1of the United States, the aforesaid percentage of its gross <br />1p <br />3 receipts for the calendar year, or such fractional calendar year, <br />14covered by said statement. Any neglect, omission or refusal of <br />s <br />15 i said grantee to file said. verified statement, or to pay said <br />l <br />16 1ln ercentage at the time or in the manner hereinbefore provided, <br />I <br />171 shall be grounds for the declaration of a forfeiture of this <br />18 franchise and of all rights of grantee hereunder. <br />19! Section 6. This franchise is granted under and in accor- <br />20f�dance with provisions of said Franchise Act of 1937• <br />21 Section 7. This ordinance shall become effective thirty <br />22 (30) days after its final passage, unless suspended by referendum <br />23 pets.tion filed as provided by law. <br />24 Section 8. The franchise granted hereby shall not become <br />25 e ' <br />f�ectz <br />byve until written acceptance thereof shall have been filed <br />26 the grantee with the City Clerk. <br />27 Sectiones The City Clerk shall cause this ordinance to <br />281 e published once within fifteen (15) days after its passage in <br />ta newspaper of <br />29 "Colton Courier" <br />30 eneral circulation published and circulated in said City. <br />31 First read at a regular meeting of the City Council of said <br />1962 and finally <br />32 1 , ity held on the 1 th day of �� > <br />__ > <br />