Chicago eagle. [volume] (Chicago, Ill.) 1889-19??, 1899-02-18

Its rights ana privileges should cease
and he 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 It would neither sell nor
lease its franchise or privileges ana
would not enter into any combination
with any gas company concerning rate
or price to be charged for gas AMI
should give bond Of 100000 to 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.
amount Of the penalty Of said bond.
.. EQUITABLE GAS LIGHT AND
FUEL COMPANY.-An ordinance
granting a perpetual franchise. passed
Aug. ~. 1885, 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 $1.15
per 1000 cubic feet for gas. with q re-.
bate OF % cents per 1000 feet TO all
users who consumed over 100000 cubic
feet per annum: ANY attempt to col
lect greater rate would work q for.
fixture Of all rights and privileges"
that meters and 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 ana 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 the city
or any consumer Of lis 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
It's charter, said bond not to be set up
as the limit Of liability.
UNIVERSAL GAS COMPANY.-An
ordinance for a fifty-year franchise,
passed by the Council July 23, 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 It's 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 eXpcnd 100000 upon
| its works ana mains within twelve
months, ana within three years to have
a plant capable of supplying 10 con,
| sumsrs ten million feet of gas every
| thirty days; the company was required
| TO deposit 100000 In cash with the
! City Comptroller ana give bonds of
| 100000 additional for faithful compli,
| ancc with all provisions of the ordn-
| ancc; agree that the rate named
! should never he exceeded; that the
| company would not enter into any
! combination with any other gas com,
pany; ana that its liability for any
damage resulting to the city or consum,
crs for any damage resulting 10 The
city or consumers for any lnfractloIl
Of the provisions of It's 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 It's obligations TO the city or consum
crs, its plant, mahinery, tools and ap
pliances shall revert and belong TO Tho
city, without Intervention or process OF
law; ana il Is expressly provided thai
the city shall have the right TO pur
chase the plant entire ut an appraised
value at the end Of fifty years.