2006-07-24 Regular Meeting and Workshop Meeting

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former franchise agreements with Company, or its predecessors, which are hereby repealed. Section 24. City by the granting of this Franchise does not surrender or to any extent lose, waive, impair or lessen the lawful powers and rights, now or hereafter vested in City under the Constitution and statutes of the State of Texas and under the Charter of City to regulate the rates and services of Company; and Company by its acceptance of this Franchise agrees that all such lawful regulatory powers and rights as the same may be from time to time vested in City shall be in full force and effect and subject to the exercise thereof by City at any time and from time to time. Section 25. Within 30 days following the final passage and approval of this ordinance, the Company shall file with the City Secretary, accompanied by appropriate authorized corporate resolutions in a form acceptable to the City Attorney, a written statement in the following form signed in its name and behalf: "To the Honorable Mayor and the City Council of the City of La Porte, Texas: For itself, its successors and assigns, Grantee, CENTERPOINT ENERGY HOUSTON ELECTRIC, LLC, hereby accepts the attached ordinance and agrees to be bound by all of its terms, conditions and provisions." CENTERPOINT ENERGY HOUSTON ELECTRIC, LLC By: Name: Title: "Dated this the day of ,2006." Section 26. This Franchise, having been published as required by Article VII, "Franchises and Public Utilities" of the Home Rule Charter of the City of La Porte, Texas, shall take effect and be in force from and after sixty (60) days following its final passage and approval, and after publication once each week for four (4) consecutive weeks in The La Porte Bayshore Sun, the official newspaper of the City of La Porte, and receipt by the City of Company's acceptance filed pursuant to Section 25. In compliance with the provisions of Article VII of the Home Rule Charter of the City of La Porte, the Company shall pay the cost of those publications and any costs associated with any elections held regarding this Franchise required by such Home Rule Charter provisions. Section 27. Every notice, order, petition, document, or other direction or communication to be served upon the City or the Company shall be deemed sufficiently given if sent by registered or certified mail, return receipt requested. Every such communication to the Company shall be sent to: HOU03:1055752.7