Telegram-herald., 1889-12-01

b derived By the city Of Peoria and its in
ha5.tants. from the improvement. enlarge
ment and extension OF It's present system Of
vat WORKS. and the operation Of 81 Id i'm
proved. extended an4 enlarged water works.
and In ilr.lsr consideration OF the water
slpn.F f' he 1hta.nei thereby. flr public and
prs4tr us 's. and rs an inducsm slt 20 the
grant to plrchl,e The present system of
wa-rc works and o. enter upon and improve.
enlli-s ana extend the same. the franchise
alt ic-lse hereby granted 70 and vested in
the -rtite.s shall remain in fuu fore and
e.fer- l.l-t.g The term OF thfrty years from and
after fIs sale aud delivery 0f the present
water W1r<,. but subject - the right q Dur-
chase. is hertin provided. and 10 the other
cont -ifls herein imposed. bar in the event Of
t.u-e f9 purchase said wat er works as
herein provided. on or before the expiration
OF sl.4 lh.rty years. said franchlse and license
shalt then continue I'm fiil force and effect
ulru slcn iine said city nav purchase said
WORKS. 5ut subject 70 the same right of pur-
chase IS 5ri1rs. with hydrant rentals not ex-
c-etll- twenty-five doll ars per year for each
hTtrllt in use. but the total hJdrant rental
not CD evreed three n undred dollars lsG0i per
nils. and consumers rates not exceeding those
provided o in this % ntract; but 10 the city
and grantees can not gree upon the amount
thHt s1tU be- paid for hydrant rental and
Other usss public and private wit hin the above
limits during such extended period Of this
contract then s1ch amount shall be deter
m med ~ arbltration in the SANE manner asiS
provided ,I section r. ofthis ordinance
Tn consideration of the property. privileges
an irlnrl SIS by this contract grau-ed and
conveyed to fhe grantees, they hereby agree
ana a.1f themselves during the continuance
ofthls contract. upoa the request Of the said
city ot Pro-'a. 70 furnish water for FIRE protsc-
ton ami for other public uses. as herein pro-
vidsd. Tor tbe sun Of 81 .90 per anaum from
the date % she co mpletion Of the said propose
water worss system. and to reeeivs IN part
payment oi said annual sun 81 Si.eo. the
Interest coupons hereafter paid by the said
cirv nf Peoria mon lea water bonds for inter
esr accr1.ng after he delivery Of the present
water works BY aid city % said grantees. said
amount of 3ii lN0 70 ~ due and payable IN fonr
EQUAL 4arlerig insfsiiments within thirty
days after tue end % ths quarter for which
water has been 80 furni shed. II fefault ~
The payment ~ ths -ity 81 snv instaiimeRt for
sueh hVirtnt rental service and water fursish-
ed rithIa f1n time fxed by this section TOR its
payment. rfe sds rrantses shall - released
T from f1e payment u ssld water bonds 20 an
an eqIa. 90 The amount Of said detauit.
Nl 'ares, on the sane az ercent. furins
the cont nuance of said default Bur prior 70 the
T comnet'n ~ said water Eorss. and snbSe-
I qnfnr t' the delivery q tae present water
I erss system 20 the grant, -. the charge and
ren'a. fsr rhe use of hTtrsnts aud water fur
Z n.-'ef sali 30 based gpon t1e average num-
'er 't hFira1ts scrusiiv in use Tor thr preced
eng lfr.- snf shall be the proportion ~
slarter.v which sait number u hy
Z drf ars Sd one thousand hydrants pro
Tlea. however that when hvdrants are To-
'7.i t'l- boundary streets between t.e c.ty
nf i~a and other inhaf-sd ter