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this franchise shall be first applied to the losses incurred by the <br />Grantee to date hereof; thereafter, the said profits shall be applied <br />to the costs incurred by Grantee attributable to the Lino Lakes <br />operation for trunk lines to serve the Village; thereafter the said pro- <br />fits shall be applied to amortising the cost of the Lino Lakes facilities; <br />thereafter the said profits, if any shall be paid to the Village. <br />SECTION 19. This ordinance shall be in force and effect thirty <br />(30) days after its passage and publication and after the acceptance <br />by the Grantee as provided herein. The cost and expense of the official <br />publication of this ordinance shall be paid by the Grantee when and as <br />s::on as furnished with a statement for the same. <br />Pt wE1 :ADOPT' 1? F,PPROVED by the Village Council of the Village of <br />.res, this 9th day of October, 1961. <br />/s/ He"s::.:y' Rosengren, Clerk <br />/s/ Arnold A. Kell.ng, Ma} o <br />