§ 29-58. City reserves power to fix maximum rates.

Latest version.

Where not prohibited by state law, in any franchise hereafter granted to any corporation, the city hereby reserves and retains the right to fix reasonable maximum rates and charges for service rendered or commodities furnished by any such corporation to public or private users or consumers. Any company accepting a franchise shall be conclusively presumed to have accepted and assented to the reservation of this power and privilege by the city.

(Code 1975, § 645.010C)

                    
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