Chicago eagle. [volume] (Chicago, Ill.) 1889-19??, 1899-02-11


and In Of 10 more effect and that this
termination shall not bc 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 It's franchise or privileges and
would not enter into any combination
with any gas company concerning rate
or price to he charged for gas AMI
should give bond of S5OO,OOO. TO satisfy
any damages to the city of Chicago ar
any consumer of It's gas who should
suffer through violation of any obi.
cations. or conditions of the ordinance.
the liability not to bc limited by the
amount of the penalty of said bond.
.. EQUITABLE GAS LIGHT AND
FUEL COMPANY.--An ordinance
granting u perpetual franchise. passed
Aug. 10. 1885. authorizing the company
to construct. operate and maintain
works. lay mains AMI service pipes.
the company agreeing to charge not
more than % cents per foot for service
pipes: to charge not more Than S1.T5
per 1000 cubic feet for gas. with n rc
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 u for.
fixture of all rights and prlvilcges;"
that meters and quality of gas shall he
subject to inspection and tests; that
mains should be extended upon dc.
mand by twO-thirds vote of the Coun-
ell In any block three. fourths of which
shall be improved by building: that
tho company should eNpend 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
binatlon 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,
ana the company was required before
the ordinance became operative to give
Q bond of 100000 as 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 fifty-year franchise,
passed by the Council July %, 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, and IT, or
when, the company should reduce the
price to 80 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 ana mains within twelve
months, and within three years to have
u plant capable of supplying to con
sumcrs 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
ancc with all provisions of the Ordln
ance: agree that the rate named
should never he exceeded; that th'
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
ers for any damage resulting to the
city or consumers for any infraciioi
of the provisions of its franchise wOul,
not be limited by its bond; all upon
the express condition that the com
pany should not sell, lease, transfer III
privileges or enter into any cOmblna
ton as to price with any other trus
or corporation and the company spe
cifically agrees that for any violation
OF its obligations to the city or cOnsum
ers, Its plant, mahinery, tools and mp
planes shall revert and belong to thu
city, without Intervention or process Of
law; and II Is expressly provided tina
the city shall have the right to pur
chase the plant entire ut an appraised
value at the end OF afty years.