The Chickasha daily express. (Chickasha, Indian Territory [Okla.]) 1899-current, 1906-10-30

cars in passing through the bust
ness portion of the city shall run at |
a speed not greater than six miles
per hour and for the residence por-
ton the speed shall be not greater
than fifteen miles per hour.
Section. I3 All property of the
said Scott Jones, his successors and |
assigns, shall be non-taxable and
exempt from all taxation for a
period of FIVE years.
Section IA. AT the expiration
of fifty (5o)years, the period of time
which this franchise is granted,
for the city of Chickasha shall have
the preference right to purchase Of
the said Scott Jones. this success
sors and assigns, the entire plant
of the said Scott Jones, his success
sofs and assigns, within the incor
parated limits of the said city OF
Chickasha, including ali of its
tracks. trolleys and cars, used with
in the incorporated limits of the
said city ofChickasha provided how
ever that if the said city of
Chickasha shall desire to pur-
chase said plant as aforesaid,
it shall cause written notices TO be
served On said Scott Jones, his suc-
cessors and assigns, at least three
months before the expiration of the
said fifty (5o) years of its inten
tion to so purchase. During the
three Cd months preceding the ex-
piration of the said fifty o)years,
the said Scott Jones. his successors
and assigns, and the said city of
Chickasha, shall agree upon the
valuation and terms of making
such purchase, and, If the value Of
said railway property cannot be
agreed upon, either party may de-
mand an arbitration of such values.
Each party shall select one arbitra-
tor, and the two selected shall select
an umpire and after giving both
parties an opportunity to be heard
shall make an award which shall
be final and binding on both parties
and shall be rule Of any court of
general jurisdiction authorized to
take cognizance of the subject to
enforce it as such. The arbitrators
shall be wholly impartial and dis
interested, shall be practically con-
versant with the special subject
and shall before proceeding with
with their duties. take oath to fair
ly and impartially appraise such
property, and in apprasing such
property, the cost of same In con-
nection with its physical condition
shall be considered in arriving at
the true value of such property.
And in tie event that such sys-
TEN shall embrace lines outside of
the city limits or extending from
the city of Chickasha to other
towns no purchase Of said plant
shall deprive the said Scott Jones,
his successors and assigns, of access
to the interior of the city of Chick.
asha, for convenient delivery of
passengers, express parcels, freight
or United States Mail. And it the
generatici for power for the traffic
inside and outside of the
city of Chickasha is from
one common plant and the
parties are unable to agree upon
the divisions of property Of gene
rating mahlnery, the said abitra-
tors herein mentioned shall be aut-
horized to make such rules with
reference thereto which may be
equitable and said arbitrators, in
case of disagreement, shall have
the right to determine the route to
be used by the said Scott Jones,
his successors and assigns, in in
gress and egress of the city of Chick
asha, with its suburban traffic, the
particular tracks they shall use and
the rental to be paid for the use of
said tracks, overhead work and
power to be furnished BY or to said
city Of Chickasha, and 10 finally