Chicago eagle. [volume] (Chicago, Ill.) 1889-19??, 1899-06-24

its rights and privileges should cease
and be of no more effect and that this
termination shall not he 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
lease Its franchise or privileges and
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.
the liability not to be limited by the
amount of the penalty Of said bond.
9. EQUITABLE GAS LIGHT AND
FUEL COMPANY.--An ordinance
granting a perpetual franchise. passed
Aug. 10, 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 $1.75
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
lcct a greater rate would work u 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-thrds vote of the Coun.
ell In any block three-fourths Of which
shall be improved by building; that
the company should cXpend 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.
blnatIon 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 privi-
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
a bond of 100000 rs surety to the 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 mp
as the limit of liability.
UNIVERSAL GAS COMPANY.-An
ordinance for a fifty-year franchise,
passed by the Council July %, 1894,
which provided expressly that the COM
pany should not charge general con-
sumcrs 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, and IT, 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
It's works and mains within twelve
months, and within three years to have
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 ordn.
ancc; 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 comblna,
ton as TO price with any other trust
or corporation, and the company spe'
cflcally agrees that for any violation
Of It's 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 rlaAt entire at an appraised
value at the - Of fifty years.