Chicago eagle. [volume] (Chicago, Ill.) 1889-19??, 1899-04-29

Its rights ana privileges should cease
and be of no more effect and that this
termination shall not be required the
Judgment or decree of any court" that
the price charged for gas should never
exceed the rate named In the ordinance
and that 1t would neither sell nor
lealse Its franchise or privileges and
would not enter into any combination
with any gas company concerning rate
or price to be charged for gas and
should give bond of 100000 10 satisfy
any damages TO the city of Chicago or
any consumer of Its gas who should
suffer through violation of any obi.
cations. or conditions Of the ordinance.
the liability not to be limited by the
amount Of the penalty of said bond.
.. EQUITABLE GAS LIGHT AND
FUEL COMPANY.-An ordinance
granting a perpetual franchise. passed
Aug. 10. 1856. authorizing the company
to construct. operate and maintain
works, lay mains and service pipes.
the company agreeing to charge not
more than % cents per foot for service
pipes: to charge not more than $1.75
per 1000 cubic feet for gas. with re.
bate OF % cents per 1000 feet to all
users who consumed over 100000 cubic
feet per annum; ANY attempt to col.
lect a greater rate would work u for.
feiture Of all rights and privileges"
that meters ana quality of gas shall be
subject to inspection and tests; that
mains should be extended upon de.
mand by twO-thirds vote OF the COun.
ell In any block three-fOurths OF which
shall be improved by building; that
the company should eXpend 100000
within the first twelve months and lay
mains and distribute within three years
gas to the extent Of Ten Million feet
every thirty days; that II said company
shall at any time enter into any com.
binatiOn directly or indirectly. with any
gas company or companies, concerning
rate or price for gas. or shall directly
or Indirectly sell. or transfer Its rights
and privileges. all its. rights and prlvi-
leges under its franchise. without any
Judgment or decree of any court. shall
fully cease and terminate absolutely,
and the company was required before
the ordinance became operative to give
bond Of 100000 as surety to tho city
or any consumer of It's gas for any dam
age they might sustain by reason of any
failure of the company to perform any
or single of the obligations imposed by
Its charter, said bond not to be set up
as the limit of liability.
UNIVERSAL GAS COMPANY.-An
ordinance for flfty-year franchise.
passed by the Council July 81. 1894.
which provided expressly that the COM
pany should not charge general con-
sumers to exceed 81 per 1000 cubic
feet. and that upon this charge the
Universal should pay the city 10 per
cent. Of Its gross receipts, ana II, or
when, the company should reduce the
price to 90 cents or less, the company
should be released from paying the
city any percentage. This company
was required to eXpend 100000 upon
Its works ana mains within twelve
months, and within three years to have
a plant capable of supplying to con
sumers ten million feet of gas every
thirty days: the company was required
TO deposit 100000 in cash with the
City Comptroller and give bonds of
100000 additional for faithful cOmpli-
ance with all provisions of the Oriln.
ance; agree that the rate named
should never be- exceeded; that the
company would not enter into any
combination with any other gas com
pany; and that its liability for any
damage resulting TO the city or consum-
crs for any damage resulting to the
city or consumers for any infractiOn
of the provisions Of its franchise would
not be limited by its bond; all upon
the express condition that the COM
pany should not SELL lease. transfer its
privileges or enter into any cOmbina-
ton as to price with any other trust
or corporation, and the company spe-
officially agrees that for any violation
Of its obligations to the city or cOnsum-
ers, its plant, mahlnery, tools and ap-
planes shall revert and belong to the
city, without Intervention or process of
law; and 1t Is expressly provided that
the city shall have the right to pur-
chase the plant entire at an appraised
whine Mt the end NJ fiftv vears