§ 57.07. Contract term; charges to conform to assessed valuation.

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The contract shall be for a continuous term, subject, however, to cancellation by either party upon ninety (90) days' written notice. The annual charges under said contract shall be adjusted at the beginning of each year so that they will conform to the charges specified in Section 57.12 on the basis of assessed valuation; and the statements of assessed valuation provided for in Section 57.01 shall be furnished at least fifteen (15) days prior to the expiration of the year for which the annual charges have been paid.

(Code 1956, § 205.07)

                    
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