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in which 60% of Company's electric customers in the Metro <br />Area were located on January 1, 1973, the Municipal Council <br />may revoke the same. however, this right of revocation <br />shall terminate when the Authority is established. For <br />the purpose of this section each Customer Account of Company <br />shall be deemed a customer. Company shall notify the Municipal <br />Clerk in writing whether the above condition has been <br />met. If revoked, the provisions of this ordinance shall <br />be without prejudice in any subsequent proceeding. <br />Section 27. EFFECT ON EXISTING FRANCIHISE. It is <br />the intention of the Council that this franchise ordinance <br />is effective upon compliance with Section 25 and <br />that it shall thereafter govern the rights and duties of <br />Company and Municipality until its termination. <br />Section 28. PUI3LICATION EXPENSE. The expense of <br />publication of this franchise ordinance shall be paid by <br />Company. <br />Passed and approved: , 1973. <br />ATTEST <br />Clerk <br />Mayor <br />31 <br />