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charges, or advantage to any person, provided that nothing herein <br />shall prohibit the establishment of a graduated scale of charges <br />and classified rate schedules to which any consumer within such <br />classification would be entitled. <br />SECTION 9 <br />The Company shall not sell or transfer the rights gran- <br />ted by this franchise without the express written consent of the <br />County as set forth in the Utility Act of Indian River County. <br />The transferee must be able to demonstrate its ability to perform <br />all the requirements of this franchise, all state and local regu- <br />lations, and regulations of the Board. Upon the receipt of a <br />request to transfer the franchise, the County will schedule a <br />public hearing at which all interested parties will be heard with <br />regard to the transferee's ability to provide the County with ser- <br />vice. The County may require additional assurances from any pro- <br />posed transferee, .including but not limited to additional require- <br />ment to be set forth in transferee's franchise, to assure the <br />County that transferee will faithfully perform the obligations set <br />forth by County. The approval to transfer will not be unreason- <br />ably withheld by County. <br />SECTION 10 <br />The rates charged by the Company for its service here- <br />under shall be fair and reasonable and designed to meet all the <br />necessary 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 shall <br />be subject to all authority now or hereafter possessed by the <br />County or any other regulatory body having a competent jurisdic- <br />tion to fix just, reasonable and compensatory rates. When this <br />franchise takes effect, the Company shall have authority to charge <br />and collect the following schedule of rates, which shall remain <br />effective until changed or modified as herein provided, to -wit: <br />Residential: $7.00 per month; two collections per <br />Commercial: The Company shall supply the County with <br />a schedule of current commercial rates and shall notify the County <br />