N.Y. GCT Law § 132
This is the official text of N.Y. GCT Law § 132, part of New York’s GCT Law — part of the compiled statutory law of New York, published by the state as "GCT Law." Browse the sections below, each linked to its official government source.
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Contract to provide for reduction of price
Official statutory text
§ 132. Contract to provide for reduction of price. Every such contract\nshall also provide and require that during the term therein specified\nthe corporation party thereto may and shall supply gas to the\ninhabitants of such city at prices lower than those now or then charged\ntherein by such corporation party thereto and progressively lower for\neach year of such term; any company or corporation bidding for such\ncontract shall specify such several prices and reductions of price for\nthe several classes and terms of gas supply, and the same shall be\nconsidered in the award of any such contract to the bidders or bidder\ntherefor, and the corporation receiving any such contract shall be\nentitled to charge and collect the prices therein specified during the\ncontinuance thereof. Nothing in this article contained is intended or\nshall be construed to affect or impair any existing right or contract\nexcept with the consent of the parties to any such contract.\n
Status: in_force · Read it on the official government site
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