§ 66-13. Franchise permits.

All applicants for franchise permits shall submit to the township a statement containing the following, together with an application fee of $50:

A. 

The name and address of applicant.

B. 

Evidence of financial condition of the applicant and, if the applicant is a corporation or partnership, the names of the principal stockholders or partners, whichever is applicable. A financial statement of the person shall be submitted and shall be certified by a certified public accountant.

C. 

Description of the area to be covered by the franchise.

D. 

Schedule of proposed rates to be charged by the applicant for all services to be rendered with the township.

E. 

Such application shall be made upon forms to be supplied by the township. The township reserves the right to request such other information as it may deem necessary. Upon receipt of the above information, together with such other information as is requested by the township, the Board of Supervisors shall determine whether or not it is in the best interest of the township to grant a franchise permit to the applicant. If the franchise permit is granted to the applicant, the applicant shall commence construction of the facilities and shall exercise its rights under the franchise within six months of the grant of the franchise.