HomeMy WebLinkAbout0434_428428
exercise of the rights and fr<_nchises herein conferred, but the
governing body of the City of Geor.7etovm shall
reserve to itself exnlusively the power to fix and regulate charges
and rates of the Telephone Company to the full extent that such power
is provided by law and this franchise. All lawful powers not dele—
gated by the governing body of the City of Georjretocm
are reserved to, and shall be exercised by, s; -"id governing body
exclusively.
At all reasonable tines, during the continuance of the
rights herein granted, the locL_,1 exchange and generl offices of the
Telephone Company shell be open to the said governing body or its
designated official for inspection of original contracts, books of
account and cost operating records pertaininC to its operations
covered by this franchise. Any method of accounting heretofore or
hereafter adopted or authorized by any law of the United States or of
the State of Texas
or under or pursuant to the authority
of any such lace shall be deemed proper and sufficient accounting as to
all matters covered thereby.
.".E'CTIOrT 10.
R.' r..,E REGUL:.TION
That it is mutually understood and agreed that the rates to
be charged to inhabitants of the City of Geor�^etovm
for extended area service ( in lieu of strictly loc�:.l exchange
service ) shall be fixed and ret, ul_ted b,;- the governing; body of said
City
of
Geor,-eto%%m
(provided
such City,
at such
time,
retains
statutory rate—making
authority) in
accordance
with
the statutes and laws of the State of Texas ; provided,
however, that such rates and charges shall be sufficient to provide
the Telephone Company with a fair return on the fair v:�lue of its
property used and useful in the rendition of such telephone services
to the subscribers in the Geor,�-etovm exchange.
`;RCTION 11. DISC1MTITTNU NCE OR INTERRU?'TION OF EXTENDED AREA SERVICE
Discontinuance or interrzntion of all or any portion of the
extended area service requested and authorized hereby shell not be
grounds for forfeiti.zre of this franchise, provided such discontinuance
or interruption results from cruses beyond the control of the Tele—
phone Company, includini- acts or omissions key the owner or owners of
5.