Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1898-05-12

posts, and place the wires thereon in such man.
ner and in such places as not to interfere with
! travel on the streets, sidewalks, alleys and
| public places of said city.
T SEC 2. The height and points of location OF
| the poles set by said company, and the height
of all wires used to transmit electric energy
! shall be determined by the common council,
and shall be changed from time to time in such
manner as said common council shall direct.
SEC. 8. The said Twin CITY Electric company,
! in consideration of the passage of this ordi-
nance and the privileges hereby granted,
release the city of Grand Rapids from any and
all claims for damage which may arise or be
caused to its poles, wires or other property by
| the fremen of the city in the performance of
| their duty during a fire or by mobs, riots or
! other civil commot1ons, and does further agree
at all times to protect said city from liability
! from accident or injury to any person or prop
erty, public or private caused by its said poles
posts or wires or the operation of its said plant
I'D save said city harmless from all judgments
| obtained against it by reason of the erection
existence or operation of its said poles, posts,
wires and appurtenances.
SEC. t. During fire in any building con-
nected with, or adjacent to, the active electric
wires of said company, said company shall.
upon demand of the mayor, or acting chief of
the fire department, disconnect its electric cur
rent in such wire or wires during such fire.
SEC. D. Further, in consideration of the fore
going privileges herein granted, it is hereby
demanded and made condition. obligatory
and binding on said Twin City Electric COM
pany that it shall never issue more shares OF
stock than the number of ircandescent lights
that II rents, or It's eq ulValent in arc lights
power lone share of stock being $500, and
twenty incandescent lights being equal to one
arc light of 1000 candle power or one horse
power, and it shall always so regulate its stock
that any citizen corporation of this city shall
have the right to purchase of said company, at
par, as many shares of its stock as he or it rents
incandescent lights or their equivalent in arc
lights or power, and that it shall be ready to
furnish lighting service to this city and its citi.
Zens within one year from the passage of this
ordinance.
SEC. 6. The rates charged by said company
for light and power shall be actual cost-actual
cost to include, besides current repairs and
expenses, a reasonable reserve fund for future
construction and reconstruction, not exceeding
per cent OF its gross annual earnings, and q
rate of interest or dividends on it's capital stock
not exceeding u per cent per annum.
SEC.7. The city of Grand Rapids or its legal
successor shall have the right or option to pur-
chase the entire plant of said Twin City Electric
company at any time after its completion at its
fair cash value, the franchise herein granted to
he thereby terminated ana not 20 be included |
in such cash value, the value to be determined /
on the motion of said CITY or its successor by !
the usual methods of arbitration
SEC. s. The substantial violation by the Twin +
City Electric company of any OF the conditions,
requirements or restrictions imposed on it by
this ordinance shall be and operate as for.
fixture of the franchise and privileges herein
granted.
SEC. g. This ordinance shall take effect and
be in force from and after its passage and pub
LEGATION.
Dated this Srd day of May, A. D. 1898.
Fl. WIPPERMAN,
MILTON W. MosIER, Mayor