The Coeur d'Alene press. (Coeur d'Alene, Idaho) 1892-1907, 1903-10-24

wallace streets need not be laid by
said company, its successors or
assigns, until said streets shall have
been graded by said village; said
Consumers Company, it's successors
or assigns, may extend said distrib-
uting system of mains, pipes,
laterals and other facilities along any
Of the streets or alleys Of said village,
whether such streets or alleys shall
have been graded at the time of such
extension or not, but shall not be
required to exetnd the same along
any ungraded street or alley.
Sec XI. Said Consumers Com
pany. its successors or assigns, may
bond, or otherwise hypothecate. such
water system and the franch ise here
by granted, for such purpoes az it or
they may deem proper.
Sec XII. Within sixty C6Ol days
after the expiration of twenty five
t25) years from the date hereof, said
village Of Occur d'Alene shall have
the right 10 purchase from said Con-
sumers Company, its successors or
assigns, such water system, pumping
station and reservoir, at snch price
as may be determined reasonable by
arbitrator, two OF whom shall be
appointed by the trustees or council
OF said village. and two by said Con
sumers Company. its successors or
assigns, and IL such persosn so
appointed cannot agree upon a reason
able basis for the purchase and sale
Of said system, pumping station and
reservoir. they shall select fifth
arbitrator. who shall not be resi-
dent OF property owner Of said village
Of Occur d'Alene. and IL they are IN
able 70 agree upon such fifth arbitra-
tor. the District Judge Of kooienai
County. Idaho, shall name such fifth
arbitrator, who shall not be resi-
dent or property owner in sal !
village; provided, however, that said
Consumers Company, its successors
or assigns. shall not be required "a
accept therefore q sum less than such
sum az would, at eight 90 per cent
interest, earn q revenue equal 20 the
average annual net earnings Of said
water system for the five year
Immediately preceding such sale.
Sec. XIII. Said Consumers Com
pany, lie successors or assigns. shall
within ten days after the passage anc
approval OF this ordinance. file with
the clerk Of said village, it's writer
acceptance Of the terms and condi
tions thereof. aud shalt also Ole will
said clerk bond in the penal sum o
Eve Thousand dollars $4,000. 00) will
good and sufficient surety to h
approved by the chairman % tn
board Of trustees Of said village, con
ditioned upon the completion Of said
pumping and distributing system
within six co. months from the dat
= hereof. unavoidable delays and delay
, from restraining orders excepted, an
! the continuation and diltgent prOsecu
{ tion Of the work upon said reservoi
nov In the course Of contsructio
I until the completion thereof.
: Sec. XIV. Ordinance No. IS en-
entitled AN ordinance grA nting /
the Cable Milling Company, II
successors and assigns, the right I
furnish water 10 the inhabitants q
, the village Of Occur d'Alens
y Kootenai County, Idaho" etc,
G hereby repealed.
This ordinance shall take effect
c upon lie passage and publication 4
e one issue Of the Occur d'Alene Pres
u a weekly newspaper Of general circT
d lation. published in the village {
u Occur d'Alene, Kootenai Count!
y Idaho.
d Passed its first reading at a speciI
81 meeting Of the board Of trustees, cal
y ed for that purpose, held octob'
81 10th, 1908,
ct Passed its second reading, und,
q suspension Of the rules, at a speci'
- meeting OF the board Of trustees, cal
ht ed for that purpose, held octob'
ID lath. 1903.
I'd Passed lite third and final readir
m and duly enacted as an ordinance
ne the village Of Occur d'Alene, Idah'
t. at a special meeting of the board I
so trustees, called for that purpos
or held October 10th, 1908.
Oh Approved, October 10th, 1908. j.
an A. V. CHAMBERLIN,
tn Chairman Of the Board of Trustee
G. Attest;
er JAMES II. HARTE,
n Village Clerk.
:, ORDINANCE No, ~
set An Ordinance granting the ConsuI
ON ere Company, corporation Great