The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1897-04-21

OF Seattle. acting through its city council
at any time after ten years from Ehe ap-
prevail 81 this ordinance, 20 require ~
ordinance that ell the computes IL
owning or operating railway tracks unceT
the privileges hereby granted snail trans
fer and convey sssd Rfvile RS AMI All me
raadDeta. tracks. structures and afsplf-
tenances then existing upon and within
the limits OF the right OF way hereby
granted. 10 any terminal company then
existing or being formed at the city OF
Seattle. that the city Of Seattle may oes!g-
nate IN such ordinance. In exchange Tor
such stock, shares or interest in such ter
nlinai company and for such bonds. oeli-
cations OF securities OF such terminal
fair and reasonable. taking into consider
alton the value and utility ~ the properly
and privileges so transferred by the COM
panies holding or operating under tais
franchise in comparison with All tne
properties and privileges which shall be
transferred BY any other companies into
such terminal company. and also having
IN view the general plan upon which such
have been organized. and also having IN
view the public interest and the interests
or al the companies concerned n soeh ter
n1inai company or proposed terminal CON-
pany.
II. after the passage OF such ordinance.
any Of the companies holding or operating
tracks under the privileges hereby grant
ed shall fail neglect or be unable 10 ar
range for and carry out the merger ana
transfer herein provided FOR and 50 re-
qufred by such ordinance Tor period OF
six months after passage thereof men 81
tie differences in relation 20 said matters
so far as they affect any or all OF the COM
panies owning or operating railway tracks
under the privileges merely granted shai,
be settled in one arbitration by a board
Of three arbitrators. one of whom shan De
selected by the companies owning or ope-
rating tracks under the privileges hereby
granted or a ma lortty OF them another
by the persons or corporation organizing
such terminal company or proposed ter
minai company. and the third by the city
council The decision OF majority OF
whom shall be final
'ff the company or companies. person
or persons. who should appoint an arbi-
traitor hereunder. shall fail for the period
of thirty days after having been request
sd 50 20 do by any other party TO such
controversy. TO appoint an arbitrator as
herein provided. then the city council may
appoint such arbitrator.
EFF any company owning or operating
tracks under the privileges hereby granted.
Its Successors or assigns, shall for the pc
riod OF 50 days after receiving notice OF the
award Of such arbitrators fail or neglect
to comply with such award then the city
council may by ordinance terminate and
forfeit all privileges OF such company ex-
listing or enjoyed under this franchise.
THE right is also reserved TO the city
OF Seattle az any time after ten years from
the approval OF this ordinance. 20 condemn
the roadbed tracks and appurtenances
the purpose OF merging the same into mu-
nicipal terminal railway system, IL such
"a system shall be established by the city
of Seattle: provided. that the condemna-
tion proceedings shall not include any
value for the privilege hereby granted. but
shall be limited 10 the value at that time
Of tho roadbed tracks and appurtenances
within or upon the right-of-way hereby
granted. and
Further provided. that the company or
companies whose rights are so condemned
shall he accorded as favorable terms for
It's cars and traffic az are accorded 10 any
other company In such terminal system"
On motion by James section 10 was then
adopted as read. Section II was also
adopted. This closed the consideration by
sections. James said:
II move you. Mr.. President, that the or
dinance be put on It's second and third
reading
After some argument this was done. and
Clerk Coryeil waded through the lengthy
document every word being attended by
the councilmen and outsiders with great
attention Al the close OF the reading
motion was offered by James that the bin
be- turned over 10 the committee on en-
crossed bills. which should eugross the
ordinance and turn IL over to the proper
officers, who should see 10 it's publication
for ten DAYS I'm the Observation-Disclosures, the
official city newspaper.
The council adjourned without trans
acting further business