Marshall County independent. (Plymouth, Marshall County, Ind.) 1897-1902, 1901-01-18
Proposed City Ownership.

plymouth, Ind, Jan. III, 1901.
To the electric light committee of the
common council of the city of plym-
outh, Ind, and through them TO the
common council of the city OF Plym-
outh, Ind.
Gentlemen:
|, the president and executive officer
of Plymouth Electric Light company,
corporation organized and existing un-
der the laws of the state of Indiana
and having its hesdQ Q0artersin Plym-
outh, Marshall county, Ind, do make
you the following proposition: If you
will enter into contract covering
period of ten years, with this corpora.
ton, agreeing thereby 80 pay yearly
service rental of $50 each for fifty arc
lamps already placed and to be placed,
TO light the streets and railroad proper
ties within the corporate limits of said
city of Plymouth, for period of ten
years from the effective date of said
contract which shall preferably be Feb.
16, 1901 And in addition to this con-
tract for lighting the said streets and
railway properties grant franchise for
incsndescent lighting for commercial
uses within the corporate limits of said
city for the same length of time ss the
contemplated contract for street light
ing and TO, further consideration to
be hereinafter named, then the said
Plymouth Electric Light company will
well and faithfully perform the follow
ing covenants:
They will acquire all the property,
both real and personal, and all the con-
tracts and franchises owned and en-
joyed by corporation known as Nj. w.
Simons Light and Power plant, now
doing business in the city of Plymouth,
and turn them over to the said city of
Plymouth. 1t will erect on the east
side of and directly adjoining your
present water works building, q thor
| oughly substantial and conveniently
serviceable one-story. brick building of
the sizes and dimensions shown on the
drawings accompanying this proposal.
1t will install in ttls building all the
electrical machin. y anf steam plant
now owned and operated in this city Oy
| the said NJ. w. Simons Light and
Power plant, but with this replacement
| and addition: In place of the small
boiler now in use by the said NJ. ".
substitute boiler to be of the same
stesming capacity ss the large one now
in use by said plant. And it will have
the whole steam plant put in such thor
ough condition that policy of boiler
insurance for $4,000 and running three
years can and will be placed thereon by
this corporation and presented to the
city, when said contract and franchise
herein contemplated are effective.
This will insure frequent free inspec-
tion by competent boiler inspectors.
1t will also furnish all the material and
erect free of charge, wherever desig-
mated by the common council within
the corporation limits of said city, five
additional enclosed arc lamps identical
| with those now in use by said NJ. w.
Simons Light and Power plant in light
ing the streets of your city. 1t will de-
liver to the city all the stock of Plym-
outh Electric Light company in exist
ence at the time of taking effect of the
contemplated contract and franchise,
but reserves the right to retain the
bonds of said Plymouth Electric Light
company, which are to be issued in q
total sum eQuai to the total of the con-
templsted contract for the service of
fifty arc lights at $50 per year for ten
years, which will be $4,000, and the
same to bear six per cent annual inter
est severslly, from date of each bond
to its maturity according to its terms.
| The payment of the interest on these
bonds annually and of the principal of
each individual bond as the same ma.
lures according to its terms to be guar
anteed in some satisfactory manner by
the city of Plymouth, the same to be
agreed upon between the city of Plym-
outh and this corporation.
In short it is the purpose of Plymouth
Electric Light company to put the city
of Plymouth in possession of first
class and thoroughly equipped arc and
incsndesceDt light plant with On estsb-
lished and profitable business for a sum
less in the aggregate than that of the
present contract for arc lighting alone,
taking into consideration the arc lights
now furnished the several railroads by
the M. w. Simons Light and Power
plant. Should the weather prove un-
favorable or other reasons intervene to
render IL inexpedient to erect the new
builfing herein contemplated and in
stall the machinery and steam plant
therein by the time contemplated as
the beginning of this new contract,
then the Plymouth Electric Light CON-
pany will turn over all the property
and contracts and franchises now be-
longing to the M. w. Simons Light and
Power plant at the time specified and
nter into a good and sufficient bond to
perform by a time to be agreed upon