[R.O. 2014 §715.010; Ord. No. 181 §4, 1-10-1967]
The Grantee, under any franchise agreement, shall not later
than February first (1st) and August first (1st) respectively of each
year make a report to the governing body of the City of Marshfield
of its gross receipts from the sale of gas for domestic and commercial
purposes within the corporate limits of said City for the six (6)
months period ending at the last meter reading preceding December
thirty-first (31st) and June thirtieth (30th) respectively; and at
the time of making such reports, pay into the City Treasury a sum
equal to five percent (5%) of said gross receipts subsequent to the
effective date of this franchise, which shall be charged to the operating
expenses of the company. Domestic and commercial sales shall be considered
as sales made other than on special contracts providing for standby
fuel and interruption of service at any time demands of domestic and
commercial consumers may so require. Said percentage of Grantee's
gross receipts is hereby levied and assessed as an occupation and
license tax for the privilege of engaging in the business herein recited
during the term hereof; and as a further consideration for this franchise,
Grantee agrees to recognize the same as a valid tax and make said
payments during such period.
