§ A720-4. Duration of franchise.

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The consent herein granted shall be nonexclusive and shall expire coincident with the expiration of the ten-year certificate of approval as issued by the Board of Public Utilities pursuant to the consent granted herein. The term of the agreement shall be effective as indicated in § A720-27 of this agreement. If the promises of the company, as referenced herein, are not kept, the Township may seek specific penalties from the BPU pursuant to N.J.S.A. 48:5A-51(b) or commence revocation proceedings upon petition to and approval of the BPU pursuant to N.J.S.A. 48:5A-47, which shall be in conformance with applicable statutes and regulations.

                    
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