N.Y. General City Law § 132: Contract to provide for reduction of price

§ 132. Contract to provide for reduction of price. Every such contract

shall also provide and require that during the term therein specified

the corporation party thereto may and shall supply gas to the

inhabitants of such city at prices lower than those now or then charged

therein by such corporation party thereto and progressively lower for

each year of such term; any company or corporation bidding for such

contract shall specify such several prices and reductions of price for

the several classes and terms of gas supply, and the same shall be

considered in the award of any such contract to the bidders or bidder

therefor, and the corporation receiving any such contract shall be

entitled to charge and collect the prices therein specified during the

continuance thereof. Nothing in this article contained is intended or

shall be construed to affect or impair any existing right or contract

except with the consent of the parties to any such contract.