The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1893-06-10
THE MAYOR APPROVES
The Jersey City, Hoboken
and Rutherford Com
panY Agrees TO the
Mayors Terms.
IT WILL PAY THE FIVE PER CENT
The Amount on the Gross Earnings
in Proportion with the
Mileage.

Mayor Wanser has won peculiar vie-
sioners in regard to rapid transit franz
chises. Notwithstanding the fact that the
Street and Water Commission ers gave
the Jersey City, Hoboken and
Rutherford Electric Company its
franchise at a compensation of 500 per
mile for every mile of road operated.
Mayor Wanser held out for five per cent.
OF the gross earnings and has managed
10 get it and has in his D ossession written
agreements to that effect.
THE CoMPANY'S RESOLUTION.
Here Is resolution adopted by tue
company
hereby certify that at a regular meeting or tbs
soari s Of Directors Of the Jersey City. hoboKea
on the teutn day of June. A. D. 1893. ths following
resolution was duly a1optoi:-
. "A proposed acceptance OF the Location Of the
tracks of the Jersey Oity Hohoksn aud Rutherford
tlectrlc hallway Company, iu the city Of Jersey
tained III a certain ordinance passed by sue Bar
OF Street and Water Com ns*lonsrs OF Jerse City
on May 29. 1898. and a certain agreement OF the
part OF this company in connection with laid ac-
ceptanee being presented and read
Re,olyed the said acceptance and agreement as
co GO ntaaed IN saia paper Ia wr.tinS be and the
Resolved, Tqat UPON tne.a pprovaI OF said ordin-
ance by the Mayor of jersey City the said accept
executed by its President It's corporate seal
attached and attested by its secretary and.
majority Of the directors Of your compans % al and
tnen delivered to the Honorable 2. J. wanser
Mayor OF Jersey City.
Signed CHARLES h. RvssELL-
CoMPANYs AGREEMENT,
Beside this the Mayor has the follow
ing agreement signed and attesJed bf the
company
Know all men by these presents:-That the Jersey
COMPANY, aud the Directors Iherenf' do hsreby ac
cept the Ication of the tracks of said railway aHd
tine graDts and rights to said company, contain
ed in certain ordinance passed by the u. "a or
Street and Water Commissioners of Jersey city
pear.
and these presents further witness that the
railway Comnany. as a part of this its accsp.
agncs does alS9 hereby agree to and with the
First That said company will. annually, between
the first aud fifteenth days OF January In each
statement, duly verified by one of its oficers OF
It's gross earndgs for the year previous said first
day Of January
Second. That such proportion of Ave per cent. OF
said gross earnings as the mileage of the tracks OF
said company within the limits of Jersey City bears
to the total mileage OF its entire system of tracks,
shall thereupon be computed and ascertained and
in such computation each foot Of single track shall
be the basis of calculation.
Third That il from any such annual statement
proposition of ive per cent a aforesaid, OF said
gross earnn exceeds the compensation of Sl00
per mile as provided for iii said ordinance. then
and in any sucn event the said company agrees 10
pay 10 the Comptroller on or before the first OF
grsnred. in addition to said one hundrei dollars
per mile. such further sum (if any may be suf-
proportion Of Ave per cent of said gross earnings
as computed aud ascertainei as Aforesaid; pro
vded the said proportion OF said five per cent. OF
said gross earnings as computed and ascertainsd
as aforesaid, exceeds the amounts payable under
Inis stipulation is made in fulaIlmelt Of aSom-
Use made by said company te Peter r, " snser,
Mayor of Jersey City prior co the approval OF said
ordinance
In witness whereof the said Railroad Company
has cased these presents to be signed by its Presf
dent. ana it, corporate SO to be hereto attached
and attested Dy its Secretary, and the said Direo-
tors have hereunto set their hands and seals this
Jersey city. Hoboken and Rutherford RIeetrie
CHARLES A. JOHNSON.
President
This satisfied His Honor. and he has
approved tue ordinance of the Board Of
Street aud Water Commis sion ers uuder
the 5 per cent. basis, in the following
language
The Honorable Board of Street and va eefj
Commissioners
GENTLEMEN herewith return as approved the
ordtnanne granting TO the Jersey City. Hoookeni
catioa Tor tracks withia the limits of Jersey
City. etc. Which was adopted by vour board May
~ 1875 I made strong objections to tho
thirteenta clause Of the ordinance, which gave I'd
the eitv fer the privilege og $lu per mile annually
esch single mile OF street located in addition a
local ia xes.
Representatives of the company called on m,
aud 1rspeat7d my objections 20 that loytion a
but that il the cossa pany wcald state ia
writlny in Its acce ,tat ce of the ordinanee]
in such maaner as TO eifectually,
bind the COMPANY an agreement u nle with thsl
city an annual statement OF its gross earnings. an
pny therein hy5 per TO the. city, such peri
centage to che city in proportion granted By tbs,
orIinance ailecSng Jersey City pears to the whole
milaee of this coInpans.
lam advised ,h1i suca an asreem snt can be le-
gall made, it has baen made, and I have signe q
the Drain .nce and send tt and the acceptau ce o
til company coItainiug the sgreement Of the couI
pauy 10 he fsi wi h your board and also certt e
cate OF tho secretary of the CO uIpAuy certifying n
the CON panY's rpproVal or the asreenleDt. <
The other features Of the ordnance are we'll rs
serted fos the city, benefit.
Very respectful lly, f
PETER f. WANsER Mayor I'M
The Mayors victory has caused mud
70 avoro hia o,npnaDr