The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1906-05-24


wires within tho paved district In suit
nble conduits, and as fast the pave
ment OF the streets OF Salt Lake CITY Is
extended, place wires underground In con-
duts on the streets so paved, and In ad-
vance of soll pavement
Sec, IL. This franchise shall not be
transferable or assignnble, except TO
corporation organized under the laws OF
the Stnte OF Utah, provided, however.
that the foregoing provision OF this sec
tion shall not apply to or affect trans
fer or assignment OF this franchise by
way of pledge, mortgage OF trust deed;
provided. however. that should a mort
gngce, trustee, or purchaser under fore
closure proceedings acquire the title and
right TO said franchise, then and In that
event, said mortgagec, trustee or pur-
chaser shall, within one year after the
acquisition of such title, convey said
franchise to corporation organized and
doing business under the laws OF the STATE
of Utah, the intention being that said
franchise and light and heat and power
plant contemplated To be constructed
hereunder shall, except during the perloo
OF one year as herein provided. be owned
and operated by corporation or the
State of Utah.
Sec. II. 1t Is expressly understood and
agreed that should the grantees herein.
or corporation TO which this franchise
and all the privileges herein may be
granted or assigned. after having con-
structed and put in operation an electric
lighting and power plant and distributing
system, as herein contemplated, desire 10
sell or assign the same, then In that event
THIS FRANCHISE and all the hNlS-
In granted shall be non-transterrable py
tho said corporation without the consent
of the City Council of Salt Lake CITY,
except after the said corporation snail
have offered TO sell its entire property
and privileges TO said city at VALUATION
that would be equal to that offered by
any bona fide purchaser for the same, or
at such price as tho property OF said
corporation would sell Tor In the open
market at tho time said corporation
should make such proposal of sale OF Its
o,,I r,rlNT
Sec 13. The grantees further agree that
on or before their acceptance OF this fran
chise they will deposit with the city Re-
corder a good and sufficient bond In the
sum OF twenty-five thousand CS26.0OO 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
OF this franchise, and TO fall TO continue
the work of installation With reasonable
diligence in accordance with the proNis-
Ions of this ordinance, or fall to perform
or comply with any OF the conditions OF
obligations assumed by them In this fran
chse. then Salt Lake city shall recover
as liquldntcd damages from the obligees
and sureties in said bond the sum OF
twenty-five thousand (S20,000l dollars. and
the same shall be Immediately due and
PAYABLE, provided, however, that the SAID
grantees shall have the privilege II they
elect so 10 do. to deposit with the City
Treasurer twenty-five thousand S25,OJ)
dollars in cash I'm lieu OF said bond, to be
held subject to the conditions In this sec
ton provided
II said bond be not given said sum of
twenty-five thousand tS25.0o0) 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 ana
void
Sec H. The terms the city" and said
city" whenever used in this ordinance,
unless the context clearly indicates dit-
fcrcnt intention are intended, and shall
no nStTn.I N the CITY of Salt
Lake. Utah" and the terms grantees
and said grantees whenever used In
this ordinance. unless the context clearly
indicates different intention, are In
tended, and shall be construed 10 mean
j. S. Manlcy and l.. II. Curtis. both OF
Salt Lake City, Utah, their heirs and as
signs"
Sec, 10. The rights. privileges and
franchises granted by this ordinance are
for period or fifty t50) years from the
date OF the passage OF this ordinance.
Sec. l6 This ordinance shall take efIect
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 nc
ceptance of each and all the terms. pro-
visions and requirements of this ordi-
nance. provided. however. that II said
grantees shall fall to iile such written
acceptance within sixty t60 days after
the passage OF this ordinance, then this
ordinance shall be void and OF no eject
but II said grantees shall be prevented
requirements OF this ordinance by inJunc-
ton or other legal process, or II the ac-
ceptance thereof shall be delayed or post
poned In any manner by the means atore-
said. sald grantees may accept the terms,
provisions and requirements OF this or
dinance within sixty tGDD 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
II the same had been filed within sixty
hdN nt IA ms N
nance; Provided. that no legal proceedings
shall extend the time for accepting this
franchise longer than one year from the
date of it's 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, b. MORETON.
City Recorder.
Approved this 22nd day of May, 1898.
EZRA THOMPSON,
State of Utah, City and County OF Salt
/, J. B. Moreton. City Recorder of Salt
Lake City, Utah, do hereby certify that
the above and foregoing is q full, true
and correct copy OF an ordinance en-
titled IAN ordinance granting the right
to j. S. Manley and l.. IL. Curtis, both
assigns, to use the streets. alleys, lanes
and other public grounds within said city
for the purpose of constructing, main
taning and operating electric light, heat
and power plants within said city, and
TO yend said light. heat and power TO said
city and its Inhabitants. as herein pro-
vided,' passed by the City Council OF
Salt Lake City, Utah, May nth. 1906, and
approved by the Mayor May end, 1906, as
appears OF record I'm 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. u. MORETON.
(scaD City Recorder.
Bill No. 81. xlyi7
NOTICE.
Notice Ia hereby given that tho assoes