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<br />WHK:yc:2/21/66 <br /> <br />"Section 11.73 <br /> <br />No franchise, granted by the City <br /> <br />Council under this article, shall be for a term longer <br /> <br />than 20 years following the date of granting of such <br /> <br />franchise. Any such franchise may be t.ermina ted prior <br /> <br />to its date of expiration by the City Council in the <br /> <br />event that said Council shall have found, after notice <br /> <br />and public hearing, that (a) the grantee has failed to <br /> <br />comply with any provision of law including this Code, <br /> <br />or has, by act or omission, violated any term or <br /> <br />condition of any franchise or permit issued under this <br /> <br />articlei or (b) any provision of this article has become <br /> <br />invalid or unenforceable, and the Council further finds <br /> <br />that such provision constitutes a consideration rnater- <br /> <br />ia1 to the granting of said franchise iprovided, however, <br /> <br />that the grantee shall be given at least 30 days notice <br />of any proposed termination proceedings. <br /> <br />I <br />. ~ <br />'\ <br /> <br />"Section 11.74 <br /> <br />Any grantee granted a franchise <br /> <br />under this article shall pay to the City, during the life <br /> <br />of such franchise, and at the times hereinafter specified, <br /> <br />a sum equal to two per cent of the annual total gross <br />receipts of the grantee derived" from all subscribers <br /> <br />within the City, and such payment by the grantee to the <br /> <br />City shall be in addition to any occupation tax, license, <br /> <br />tax or similar levy imposed by the City of Redwood <br /> <br />and shal1 be paid annually. <br /> <br />\. <br /> <br />C7' <br /> <br />" <br /> <br />-3-, <br />