The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1906-06-14

I-TITN u
extended, place wires underground in con
duits on the streets SO paved and In ad-
vance Of said pavement
Sec, II. This franchise shall not be
transferable or aSSignable, except TO a
corporation organized under the laws or
the state OF Utah, provided, however.
that the foregoing provision OF this sec
ton shall not apply 10 or affect a trans
fer or assignment OF this franchise by
way of pledge, mortgage or trust deed
proElded, however. that should n mort
gnGec, trustee. or purchaser under fore
closure proceedings acquire tho title and
right to said franchise. then and In that
event, SAID mortgagee, trustee or pur-
eraser shall within one year after the
acquisition of such title convey said
franchise TO corporation organized and
uolng business under the laws Of the state
oil Utah, tho intention being that said
franchise and light and heat and power
plant contemplated TO be constructed
hereunder shall, except during the period
OF ono year as herein provided, be owned
ana operated by n corporation Of the
State of Utah.
Sec. H. 1t is expressly understood and
agreed that should the grantees herein.
or a corporation 10 which this franchise
and oil the privileges herein may be
granted or assigned. after having con-
STucted and put In operation an electric
nSntlhS and power plant and distributing
system as herein contemplated, desire TO
sell or assign the same, then In that event
this franchise and all the privileges here
In granted shall be non-tranSferrabls by
inc SAID corporation without the consent
or the City Council OF Salt Lake City,
except after tho said corporation shall
have offered TO sell Its entiro property
and privileges to said city ut valuation
that would be equal to that offered by
any bona hde purchaser for tho same. or
at such a price as the property OF said
corporation would seh Tor In tho open
market ut the time said corporation
should make such proposal OF sale OF Its
entire property and privileges.
Sec. 1a, The grantees further agree that
on or before their acceptance of this fran-
chise they viii deposit with the City Re
corder good and sufficient bond In the
sum of twenty-nve thousand G26,00o) dol
lars, approved by the Mayor, the condi-
tions of said bond being that II the
grantees shall fail to commence work
within four months after their acceptance
the work OF installation with reasonable
diligence In accordance with the provis-
ions of this ordinance, or fail to perform
or comply with any Of tho conditions OF
Obligations assumed by them in this fran
chise, then Salt Lake City shall recover
as llquidated damages from tho obhgees
and suTeties In said bond, the sum OF
twenty-five thousand (s2500O dollars, and
the same shall be Immediately due and
payable, provided, however, that the said
grantees shall have the privilege If they
elect so to do to deposit with the City
Treasurer twenty-five thousand (S25.O1c)
dollars in cash in lieu OF said bond, to be
held subject to the conditions In this sec
uon provided.
II Salu DOnQ DC not gwen Stlu SUM VI
twenty-five thousand (S25.Q00) dollars be
not deposited with the City Treasurer
upon acceptance by the grantees of this
franchise, then and in that event this
franchise shall become absolutely null and
void.
Sec, u. The terms 'the city and said
city whenever used in this ordinance,
unless the context clearly indicates dit
fcrcnt intention, are intended, and shall
be construed to mean the city of Salt
Lake. Utah" and the terms grantees
and said grantees" whenever used In
this ordinance. unless the context clearly
indicates a different intention. are in
tended, and shall be construed to mean
u S. Manley and l.. II. Curtis, both OF
Salt Lake City. Utah, their heirs and as
signs
Sec. Is. The rights. privileges and
franchises granted by this ordinance arc
for a period of fifty 500 years from the
date OF the passage OF this ordinance.
Sec 16 This ordinance shall take effect
and be in force from and after Its pas
sage and legal publication, and the Ming
by said grantees with the city Recorder
OF said city. notice In writing OF their ac
ceptance OF each and al! the terms. pro-
visions and requirements of this ordi-
nance; provided. however. that II said
grantees shall fall TO file such written
acceptance within sixty (60) days after
the passage of this ordinance, then this
ordinance shall be void and of no effect.
but II said grantees shall be prevented
from accepting the terms, provisions ana
requirements OF this ordinance by inJunc-
tion or other legal process, or II the ac-
ceDtance thereof shall be delayed or post
poned In any manner by the means afore-
said, said grantees may accept the terms
provisions and requirements Of this Or
dinance within sixty (6O) days after the
expiration OF the period during which said
acceptance shall have been prevented or
delayed as aforesaid, in which event said
acceptance shall have the same effect as
If the same had been filed within sixty
(60) days after the passage of this ordi-
nance. Provided. that no legal proceedings
shall extend the time for accepting this
franchise longer than one year from the
date OF its passage and publication,
Passed by the City Council OF Salt Lake
City, Utah. May 18th. 1906. and referred
to the Mayor for his approval.
j. Il. MORETON
City Recorder.
Approved this 22nd day OF May, 1896
EZRA THOMPSON,
Mayor.
State of Utah, City and County of Salt
l. ]. B. Moreton, City Recorder of Salt
Lake City, Utah. do hereby certify that
the above and foregoing Is a full. true
titled AN ordinance granting the right
TO j s. Manley and l. H. Curtis, both
of Salt Lake City, Utah. their heirs and
assigns. to use the streets, alleys. lanes
and other public grounds within said city
for the purpose OF constructing main
tanning and operating electric light, heat
and power plants within said city. and
to yend said light heat and power to said
yided" passed by the City Council of
Salt Lake City, Utah. May nth. 1906, and
approved by the Mayor May 22nd, 1906. as
appears of record In my office,
In witness whereof. L have hercunto set
my hand and affixed the corporate seal
OF said city this End day of May, 1906.
j. B. MORETON,
(SeaD city Recorder.