Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1898-04-07
LEGALS.
Ordinance no. s..

An Ordinance relative to the establishment
maintenance and operation of an electric
l''ht and power plant in the city of Grand
RHplds ana granting certain franchises to the
Twin city Electric company to operate the
same:
To the Common Council of the city of Grand
Rapids do Ordain as fellows:
SECTION l. Permission is hereby granted to
the Twin City Electric company. for period OF
hiIeen Years from the date OF the passage of this
ordIna nee. to place, erect. maintain aud Use all
me necessary posts aud poles, and all The nee
essarE wires fixtures and Hppurtenances in the
streets. alleys and public places of this city 81
far as the same may be necessary for the pur-
poses OF furnishing 10 its patrons in said ci V
elect1lc light ai.d electric power; provided.
however, said company shall set said poles and
posts, and place he wires thereon in such ma n
ner and in such places as not 10 interfere With
public places OF said city.
SIC = The heIg hi 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 he common council.
and shall be changed from line to time in such
manner as sail common { uncii shall direct
SEC. 3. The said Twin City Electric company,
IN consideration of The passage of this urdi-
nance atId the privileges hereby granted,
release the city of Grand Rapids from any and
all claims for damage which may arise or be
caused to IT'S poles, wires OF other property by
the hremen OF the city in the peTforma nee of
their duty during fire or by mobs riots or
other CIVIL CONNEXIONS, and does further agree
at All lIlllSS 10 protect SdlQ 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
Il nd save said city harmless from all judgments
obtained against 1t by reason of the erection
existence or operation of its said poles posts
wires and appurtenances.
SEC. 4. During n 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 hTe department, dlsconnect 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 a condition. obligatory
and binding on said Twin City Electric com
pany that 1t shall never issue more shares of
stock than the number of ircandeScent lights
that it rents, or its equivalent in arc lights or
power zone share of stock being $500, and
twenty lncandeScent 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 cti
ordinance
SEC. g. The rates charged by said company
for light and power shall be actual coSt-actual
cost TO include, besides current repairs and
expenses, reasonable reserve fund for future
construction and reconstruction, moi exceeding
per cent of its gross annual earnings, and
rate of interest or dividends on its capital stock
moi exceeding u per cent per annum.
SEC. Z. 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
be thereby terminated and 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. g. 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 a for
fixture of the franchise and privileges herein
granted
SEC. 9. This ordinance shall take effect and
be in force from and after its passage and pub
LEGATION.
Dated this--day of--- A D. 1885,