Gunnison news-champion., 1906-03-30

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ontil all arrears are fully paid. AND
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Cpn'sectIng h9isss
Sec. s Tbs eeprral arrange
0rnt OF tn poles and lines in the
Town of 1kuwtisSn, and the loCa-
tiGn OF tho arc and incandescent
lamps Tor street lighting shall lie
laft TO the discretion of the Board
q Trustees OF to such proIer com
suttee as they may designate
Sec y. AS 10 the m and paw
ssatui for the use of CHS by pri-
vstc cunsamcrs, the s ra itee may
make reasonable rules and regula-
tions not inconsistant with this
ore Jinance, nor in violation of law.
Sec 10. The terms, stipulations
and provisions of this ordinance as
to the grantee shall be binding up
ON his heirs. administrators. sue
cessors, assigns and legal represen-
tat,ves; as to the Town of Gunni-
son, upon said Town and it's
SUCCESSORS at law. ANY and all
contracts concerning this franchise,
tn electric light plant and the
rights and privileges granted, ac-
quircd, held or owned in conncc-
tiol with this same, made at any
69e between the grantee herein or
~ assisneesSa4 the Tswn, shall
ktindine up(n - e1nix. as
- IA ~ =, such con
tract or contracts shall be nee
essary except the record thereof
ON the record books of the Town
Clerk and Recorder Permission is
hereby given to the said George II
Sethman to assign each and every
right held or to be acquired claim
cd or held by him under this ordi-
nance, and each and every con
tract, provision and stipulation
collateral thereto, and in the event
of such assignment the assignee
or assignees shall become as fully
bound by, and shall have ali the
rights under the same that the said
George III. Sethman has or could
have. The said George II. Seth
man shall file his agreement in
writing with the Town Clerk and
Recorder irrevocably binding him
self, his SUCCESSORS and assigns to
abide by and comply with all the
terms and conditions imposed by
this ordinance. And the failure on
the part of said grantee, or his as
signs, to comply with, observe and
abide by any and all terms, condi-
tons and requirements of this ordi-
nance or such agreement shall work
forfeiture of this franchise and all
rights, powers and privileges
granted or conferred thereby or
herein shall cease and determine,
and the said Town of Gunnison
shall have a first lien upon the said
electric light plant and all property
and appurtenances connected there
with for the net profits earned and
accrued up to the time of such for
feiture.
Passed and approved 1906.
~ T. J. THOMPSON,
~ Mayor.
ATTEST.