Chicago eagle. [volume] (Chicago, Ill.) 1889-19??, 1899-06-17

It's rights aud 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
lease Its franchise or privileges and
would not enter into any combination
with any gas company concerning rate
or price to he charged for gas and
should give bond Of 100000 10 satisfy
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 u 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
|
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 greater rate would work for.
fixture Of oil 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.thlrls 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.
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
q bond Of 100000 as surety to the city
or any consumer Of Its 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 he set mp
rs the limit of liability.
UNIVERSAL GAS COMPANY.--An
ordinance for II hfty.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 Its gross receipts. aud 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 reqtilred to expend 100000 upon
Its works and mains within twelve
months, and within three years to have
"a plant capable of supplying to con-
sumers ten million feet of gas every
| shV COMPANY "oc ASpoh'A
to deposit 100000 In cash with the
City Comptroller and give bonds OF
100000 additional for faithful c0mpli.
ance with all provisions Of the ordin-
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-
ers 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
officially agrees that for any violation
OF It's obligations to the city or cOnsum
ers, Its plant, mahinery. tools and up
planes shall revert and belong to the
city. without intervention or process OF
. law; and 1t Is expressly provided thai
, the city shall have the right to pur
chase the r'sat entire at an appraised
value at the ~ Of atty years.