The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-08-12
Making the net cost to your orator

Making the net cost to your orator
in said year $3.50, oof %
Being So 1868 per l 900 cubic feet, which
cost your orator AYERS is exclusive or any
of the expense to your orator OF maintain
ing and operating its natural gas plant, of
the office building in the city OF Indianapo-
lis, erected by your orator, in which the
general offices of your orator are situate,
and is also exclusive of any expense for eX-
tensions of your orators artificial gas plant
or interest on the Indebtedness of your ora
tor which your orator AYERS is $3.50, 600,
secured by mortgage or deed of trust of all
the property and franchises of your orator,
including its natural gas plant and fran
chises, which bears interest at the rate of
per centum per annum, and $4,000 in
Cured in the erection of said office build
ing, which bears interest at the rate of 5
per centum per annum, and IS also exclu-
although your orator AYERS that ali of It's
artificial gas plant except the real estate
on which it's gas works situated are
adapted to no other use than the manufac-
ture distribution and supply of such gas,
and in case the same could 70 longer be
used for such purpose with profit, its value
would be destroyed, and is also exclusive
of any return to your orator for the use of
your orators property constituting its SAID
artificial gas plant.
VALUE OF THE PLANT.
Your orator further AYERS and shows
that the value at this time of it's said arti-
fetal gas plant is $1,2OO,0OO; that the same,
with the real estate included therein, could
not be replaced for less than that sum
that a net income to your orator from the
use of it's said property in the manufac-
ture, distribution and supply of natural gas
Of 10 per centum is no greater than is
usually earned upon the capital invested in
artificial gas plants in other cities in like
situation with said city of Indianapolis.
and in other manufacturing business of
like magnitude in said city of Indianapolis.
and would not be more than just and
reasonable return to your orator upon the
value of its said plant and your orator
ayers and shows that in order to earn in
it's said business of manufacturing, dis
tributing and supplying artificial gas a net
income on the value Of the property used
therein, at said rate per annum, it is neces-
sary that your orator should receive from
the sale of it's said gas a sum per one thou
sand cubic feet in addition to the actual
cost to your orator of manufacturing, dis
tributing and supplying such gas as above
shown. S06016 so that your orator ave rs
and charges that in order. that it may be
enabled TO derive from the use of its said
business of manufacturing. distributing
and supplying artificial gas an income suf-
ficient to defray the actual expenses as
aforesaid of its said business, and to return
to your orator for the use of its property
aforesaid an income at said rate per cent
UNI per annUm on the value thereof, IL la
necessary that your orator should be per-
mitted 10 charge and receipt Tor each 1000
cubic feet of gas distributed ana supplied
to said city and it's inhabitants the sum of
at least 81 p. so that your orator AYERS and
charges that at the rate of Sl.25 per /, 900
cubic feet which your orator is now charg-
ing, Is a reasonable and just rate
THE NEW ORDINANCE
80. But your orator AYERS and shows
that heretofore. OF the I'd day of August.
1897. the Common Council Of defendant the
city Of Indianapolis. adopted a certain or
dinance in and by which it is provided
That it shall be unlawful for any company
manufacturing supplying, selling or dis
tributing, or any person or company which
may engage In the business of manufac-
turing, supplying or distributing artificial
gas or gas used for lighting purposes In the
city of Indianapolis, to charge more than
IS cents for each thousand cubic feet that
the gas so sold, furnished or distributed
should be free from noninfaG4inable or pol