§ A155-5. Payments to borough.

Latest version.

Payments to the borough. The company shall, during each year of operation under this franchise, pay to the borough 2% of the annual gross subscriber revenues received by the company for cable television reception services rendered to subscribers located within the borough, as more specifically defined in § A155-2 herein. In the event that state law is modified to permit a higher percentage to be collected by municipalities, the company shall pay and the borough shall be permitted to collect the highest percentage allowed by law.

Amended 4-10-2000 by Ord. No. 346

                    
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