§ 66-12. Terms of franchise.
Latest version.
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Franchises issued pursuant to the terms of this chapter shall be issued for the term of 10 years; provided, however, that such franchise may be renewed for successive ten-year terms upon approval by the Board of Supervisors after application by the qualifying company, and provided that the qualifying company complies in all respects with the terms hereof and maintains a financial condition satisfactory to the township.