15.16.100 REPORT OF GROSS RECEIPTS.

The grantee of any gas or electric franchise granted pursuant to this chapter shall file with the City Clerk, within three months after the expiration of the calendar year, or fractional calendar year, following the date of the granting of such franchise, and within three months after the expiration of each and every calendar year thereafter, a duly verified statement showing in detail the total gross receipts of such grantee, its successors, or assigns, during the preceding calendar year, or such fractional calendar year, from the sale of the utility service for which such franchise was granted. Such grantee shall pay to city within fifteen days after the time for filing such statement, in lawful money of the United States of America, the specified percentage of its gross receipts for the calendar year, or such fractional calendar year, covered by such statement. Any neglect, omission, or refusal by such grantee to file such verified statement, or to pay such percentage at the times or in the manner hereinbefore provided, shall be grounds for the declaration of forfeiture of the franchise and of all rights thereunder.