The times. [volume] (Richmond, Va.) 1890-1903, 1898-05-17
WILL NOT LEASE
THE GAS WORKS.
Board Of Aldermen Promptly Rejects
the Petition.
DETAILS OF THE PROPOSITION.
WIN rurpis., the City with Gas Free or
Charge. and Give Five Per Cent
ofGroSs Receipts, Besides Keep
ing up Rcpairs-ENtcnsions

II took the Board Of Aldermen only a
few minutes last night TO reject the
c-onositlon from the Richmond Gas
conpanv. through its counsel Alessrs'
n NJ smith. Jr., and Phil Il. Shield to
.,h,oi, the question Of leasing the Ci'y
g. works 10 a vote Of the people at
.he regular election TO be heia III '"''
city on May 2oth. III ,,r the
CLERK August read the can loi III
meeting. setting forth IT'S oDJeo,'
tououinc members OF the oBaro ans
800 IN their names at roli-cdll'
Ntessrs. Allen. Bahen, Brock, BUR
S,rter Cutchins, Hardwicke' Mont
Emery Moore. Lawder smith. sheau'
Seay, Vaughan. Turpin.
THE PETITION.
Mr.. Cutchins presented tne io',o"'s
srttfion which was read by the clerk
Pe'''' Ricbmond. Va. May 2, 1873.
~ tho Honorable Council OF the Ci'E oi
Richmond: . ,,o
The undersigned. your petitioner the
richmond Gas Company coIPoiI'io'I
chartered under the laws OF the So
80 virginia. and being duly authorlzeu
thereto. respectfully makes TINS us pc
,i,ion 70 your honorable body praying
]or a lease OF the Gas Works OF the city
~ richmond. including the mains ana
Txtures etc. thereto belonging lot
period OF thirty (SO years.
In consideration Of the lease asked OF
tho Gas Works Of the city. and the rights
and privileges thereto appertanihg anu
belorgiUg. and the gas privileges OF inc
city for a term Of thirty 600 years, your
pefitioner agrees and binds itseh curing
the term OF said lease
rirs.-'ro furnish gas TO the city free
of cost. at such places along the mains
and i'm such quantities as may De heces-
saw for the lighting of the city buildings
and us streets. provided that the amount
of gas so delivered shall not exceed thir-
~ million CO.OO0OOO cubic feet on an
average for any one year. or nine nun
dred millions in said thirty years.
Second-To pay to the city the sum OF
forty thousand dollars $4,000 per annum
during the continuance OF said lease. pay
able I'm four (D equal quarterly payments
Of len thousand dollars $4,000 each the
first payment TO be made three 80 months
from the date Of possession by petitioner
said sum TO be in lieu Of all taxes ana
assessments. dues and water rents to the
city.
Third-To keep in order and light ali its
street lamps.
Fourth-To give to the city yearly as
the same may be required. five hundred
900 loads Of coke for distribution among
the poor.
ONE DOLLAR GAS.
Fifth-TO furnish and deliver TO private
consumers gas at not exceeding one dol
lar Isl. OO per one thousand 1000 cubic
feet. such gas, as well as gas iurhished
the city. to be not less than twenty-five
(2O candle power (photometric test and
free from sulphurated hydrogen.
Sixth-To make all necessary extern
sions. repairs and improvements both TO
the system Of mains and 10 the works
as may be necessary from time to time
and at the termination of the lease TO
surrender the works. mains and plant
IN as good or better condition as they
were when received from the city.
Seyenth-To expend within two years
after obtaining possession Of the prop
crty. not less than two hundred thousand
dollars (S200O00) in the construction of an
additional gas holder, and in the extern
sion and Improvement of mains and plant,
and after two years to eXpend each year
during the said .erm OF thirty 600 years,
on an average. not less than twenty-five
thousand dollars S(25,0OO in improvements
and extensions.
Eighth-To pay into the treasury of the
city at the end Of each year during the
continuance OF the lease five per cent.
6 per cent? Of the gross receipts from
the sale Of Illuminating gas furnished TO
private consumers in the city. The books
of the company 10 be open TO the exam
ination Of the city whenever requested.
Ninth-To keep such OF the property or
the Gas Work as is destructible by fire
insured for 50 per cent. Of the value
thereof.
WILL GIVE BOND.
Tenth-To give bond in such reasona-
BILE penalty mot exceeding one hundred
thousand dollars) 100000 as your honor
able body may determine, with approved
security. for the faithful performance OF
the covenants Of said lease.
Your petitioner further asks that the
aforesaid proposition may be submitted
10 the people at the regular election 10
be held in this city on the 18th of May,
1895. as required by act OF the General
Assembly OF Virginia. approved February
%. 1892. pages 66l-2. Acts 1872. amend
ing the charter Of the city OF Richmond.
Respectfully submitted.
RICHMOND GAS COMPANY.
BY Counsel.
BY II. NJ Smith. Phil B. SHIELD,
Attorneys.
REJECTED THE PETITION.
I'll. - hoe ha