§ 9. Payments to city.

Latest version.

The district agrees that subsequent to the commencement of operation of a system in the city that it will, in consideration of the granting of this franchise, return to the city on a pro rate basis, a certain percentage of revenues derived from the sale of natural gas within the city.

The details and formula for the computation of such refunds shall be determined and formalized in a separate agreement and shall, when so formulated, be incorporated in this franchise by reference.

                    
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