The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1906-06-21

able conduIts, and as fast rs the pave
ment of tho streets of Salt Lake city Ia
extended, place wires underground in con-
duits on the streets so paved, and In ad-
vance of sal1 pavement.
Sec. IL. This franchise shall not be
transferable or aSsignable, except TO a
corporation organized under the laws OF
the State OF Utah. provided, however,
that the foregoing provision of this sec
ton shall not apply to or affect trans
Ter or assignment OF this franchise oy
way OF pledge. mortgage or trust deed
provided, however. that should mort
gagec, trustee, or purchaser under fore.
closure proceedings acquire the title ano
right to said franchise, then and In that
event said mortgage. trustee or pur-
chaser shall, within one year after inc
acquisition of such titlo convey saia
franchise 20 a corporation organized anu
doing business under the laws OF the state
Of Utah. the intention being that SAID
franchise and light and heat and power
plant contemplate ted TO be constructed
hereunder shall. except during the peIloaa
OF one year as herein provided, be owner
and operated by q corporation OF 'he
State OF Utah.
Sec L. 1t is expressly understood and
agreed that should the grantees herein,
or corporation TO which THIS iTanChso
and all the privileges herein may De
granted or assigned. after having con-
Structed and put In operation an eieC,liI
lighting and power plant and distrlouuns
system, herein contemplated deblre W
sell or assign tho same, then In that event
this franchise and all the privileges heIe-
In granted shall be non-trnns1errable oy
the said corporation without tho consent
OF tho City Council OF Salt Lako CITY,
except after tho said corporation shau
have offered to sell its entire properly
that would be equal to That offered by
any bona ndo purchaser for tho sane, OF
at Euoh a price as the property OF sslo
oorRoTation you'd sell rHF IN rno V9on
should mako such proposal OF sale or lts
entire property and privileges.
Sec. IL. The grantees further agree that
on or before their acceptance of this fran
chise they will deposit with the city Re-
corder good and sufficient bond In the
sum OF twenty-five thousand ESSoco) o9i-
lars. approved by the Mayor. the condi-
tions or said bond being that II the
grantees shall fail TO commence Work
within four months after their acceptance
Of this franchise and fail to continue
the work OF installation with reasonable
in accordance with the proVls-
Ions OF this ordinance, or fail TO perform
obligations assumed by them in this fran
chise, then Salt Lake City shall recover
as liquidated damages from tho ooligees
and sureties in said bond, the sum OF
twenty-five thousand (S25, ,0O0) dollars. and
the same shall be Immediately duo ana
payable, provided however. that the said
grantees shall have the privilege II fney Ty
Treasurer twenty-five thousand $4,000
dollars in cash in lieu OF said bond. to be
held subject TO tho conditions In this Sec
tion provided.
If said bond be not given said sum OF
twenty-five thousand G25.0O0 dollars be
not deposited with the City Treasurer
upon acceptance by the grantees OF this
shall become absolutely null and
void.
Sec IA. Tho terms "thc city" and said
city, whenever used in this ordinance,
unless the context clearly indicates ar
ferent intention, arc intended, and shail
be construed to mean the CITY of Salt
Lake. Utah." and the terms grantees"
and said grantees" whenever used IN
indicates a different intention. are In
tended. and shall be construed to mean |
j. s. Manley and l.. II. Curtis, both OF |
Salt Lake City. Utah, their heirs and as |
signs"
Sec. 10 The rights. privileges and
granted by this ordinance are
for period OF nifty (50 years from the |
date OF the passage OF this ordinance.
Sec. l6. This ordinance shall take erect |
and be in force from and after Its pas |
sage and legal publication, and the Ming |
oy said grantees with the City Recorder
II said city. notice in writing OF their ac-
,eptance of each and all the terms. pro- |
Visions and requirements OF this ordi-
nance; provided, however. that II said |
within sixty 60 days after |
Inc passage OF this ordinance. then this |
ordinance shall be void and Of no effect. |
put IL said grantees shall be prevented |
rom accepting the terms, provisions and
'equirements OF this ordinance by inJunc-
Ion or other legal process or II the ac-
,eptance thereof shall be delayed or post
)oned in any manner by the means a1ore-
,aid, said grantees may accept the terms.
provisions and requirements OF this or
finance within sixty tG0 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
( the same had been filed within sixty
COZ days after the passage or this ord-
lance; Provided, that no legal proceedings
hall extend the time for accepting this
ranchise longer than one year from tho
late OF Its passage and publication.
Passed by the City Council OF Salt Lake
,Ity. Utah, May 18th, 1906. and referred
o the Mayor for his approval.
j h. MORETON,
City Recorder
Approved this 22nd day OF May, 1895
EZRA THOMPSON,