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u <br />40 <br />be continued from time to time as determined by the Board. The <br />consent by the Board to any assignment of this franchise shall <br />not unreasonably by withheld. <br />SECTION XIV <br />The rates charged by the Company for its service here- <br />under shall be fair and reasonable and designed to meet all nec- <br />essary costs of the service, including a fair rate of return on <br />the net valuation of its properties devoted thereto under effi- <br />cient and economical management. The Company agrees that it <br />shall be subject to all authority now or hereafter possessed by <br />the County or any other regulatory body having competent juris- <br />diction to fix just, reasonable and compensatory rates. When <br />this franchise takes effect, the Company shall have authority <br />to charge and collect, but not to exceed the following schedule <br />of rates, which shall remain effective until changed or modified <br />as herein provided, to wit: <br />FRANCHISE RATES AND HOOKUP CHARGES <br />$2.50 per month for water <br />$2.50 per month for sewer <br />Hookup charges - water and sewer - $5.00 each <br />-9- <br />