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itt i18g�'i{�ryryil <br />...H � ddt wx .. <br />with the Board an instrument in writing reciting the fact of such transfer and <br />accepting the terms of this franchise and agreeing to perform all of the con- <br />ditions thereof. In any event this franchise shall not be transferrable and <br />assignable until notice or request for transfer and aesiement shall be given <br />by the Company to the Board in writing, accompanied by a request from the <br />proposed transferee, which application shall contain information concerning <br />the financial status and other qualifications of the proposed transferee and such <br />other information as the Board may require. A public hearing shall be held <br />on such request of which notice shall be given by publication in a newspaper <br />regularly published in the County at least one time not more than one month <br />nor less than one week preceeding such hearing. Certified proof of publication <br />of such notice shall be filed with the Board. Said hearing may thereafter be <br />continued from time to time as determined by the Board. The Board will, <br />however, approve or disapprove said sale or transfer within ninety (90) days <br />from the date of said public hearing. The consent by the Board to any assign- <br />, <br />meet of this franchise shall not unreasonably be withheld. <br />SECTION 14 <br />The rates charged by the Company for its service hereunder shall be <br />fair and reasonable and designed to meet all necessary costs of the service, <br />including a fair rate of return on the net valuation of its properties devoted <br />thereto under efficient and economical management. The Company agrees <br />that it shall be subject to all authority now or hereafter possessed by the <br />County or any other regulatory body having competent jurisdiction to fix Just, <br />reasonable and compensatory rates. When this franchise takes effect, the <br />Company shall have authority to charge and collect not to exceed the following <br />schedule of rates, which shall remain effective until changed or modified as <br />herein provided, to -wit; <br />First 3,000 gallons $3,00 Minimum per month <br />All over 3,000 gallons @ the rate of 500 per 1000 gallons. <br />-7- <br />MITCHELL, SHARP & MITCHELL, ATTORNEYS AT LAW, VERO BEACH, FLORIDA <br />SEP 7 1S6C aioA 9 Pat712 LA( <br />