The daily sentinel., 1901-07-17

upskilfulness in the carrying on OF such
! work, or in s,bsequent repairs or changes
therein, AMI the said company, its successors
aud as,iuns shall hold safe and harmless the
said city of Grand Junction in lis municipal
capacity for any and all losses or damages
of any kind and description by reason
thereof, and the city council OF the city OF
Grand Junction may, in its discretion al any
| time during the term of this franchise re-
quire of the said company, its successors or
assigns, a bond in any sum not exceeding
ften thousand dollars $4,000 indemnifying
Isaid city against losses. and conditioned as
directed by the city council.
|. Section Six-The said city OF drand
Audction shall have the right at any time
during the said twenty (2O) years to pur,
chase or condemn said works at it's actual
cash value, and at II price excluding an
j~alue for the franchise or right of way
through the streets, and also excluding any
| value by virtue of any contract or private
rental entered into with the municipality IN
excess of the value of the work
Section Seven-The said company, ITS
SUCCESSORS or assigns, shall file with the city
clerk of the city of Grand Junction, its sche-
dule of prices to be churged for oil or gas,
or other commodities sold or furnished by
it to the inhabitants of the said city, as soon
as established, and from time to time there,
after, provided the oIty council OF the SAID
city of Grand Junction shall have the right
to establish maximum rate OF charges at
which the said company, its successors or as
signs may sell and deliver to the Inhabitants
of said city any of the commodities herein
specified or that may be sold and delivered
by the said company during the term OF TINS
franchise, provided, further, that the SAID
maximum rate or rates 80 established Dy
tho said cily council shall be a reasonable
rate
Section Eight-The said company shall
within ten Q0) days after the passage OF this
ordinance, file with the city clerk its accept
ance in writing of all of the terms, condi-
tions and provisions hereof, which said ac-
ceptance shall be recorded in the Book OF
Ordinances of this city.
The said company shall, before the first
day of January. 1902, begin IN good faith
the sinking of a well or wells IN Mesa
county. Colorado, and shall prosecute the
work with reasonable diligence, and should
the said company, its successors or assigns,
fail to have well producing reasonable
amount of gas, oil other valuable natural
products, at or djacent to the city OF Grand
Junction, within one year from the date OF
the passage Of this ordnance then and IN
that case the rights and privileges hereby
granted shall forever cease and determine.
Section Nine-The city council of the city
of Grand Junction shall, from time to time,
pass such ordinances as may be necessary
for the proper protection OF the property,
rights and privileges of the said company,
it's successors and assigns and shall also
adopt such reasonable regulations as may
be necessary for the protection and safety
of persons and property within the said city.
Section Ten-The right to construct, own
and operate any of the utilities herein men
toned by the said city of Grand Junction ls
expressly reserved to said city.
Passed and adopted by the CITY Council OF
the City of Grand Junction this - day OF
July, A. ID. 1901.