Bisbee daily review., 1907-05-23

or 6:O0 a. m. and 1I:OO D m uD- less prevented by some unavoidable accident. 1~" as many additional cars shall be run as the necessity of the public shall demand.
 Section 8.
 It is agreed that the consideration for the rights and privileges granted by the City to the Company under this franchise shall be. that the LUnr pany shall pay to the City on the first day of April of each year during the life Of the franchise twenty per cent i2OfoD of the net earnings or Lue Company for the preceding year end ing the first of January, derived from the five cent fares taken in on cars while operating on tracks within tine corporate limits Of the City of Bisbee. The net earnings shall consist or fares so taken in, less the cost of operation, repairs, maintenance, in- surance, an interest charge of six Der cent t6%o) on cost of that DOT uon of the railway system under op- eration within the corporate limits or the City, and charge of eight per cent tS1o) for depreciation based on the cost of the system within the COT porate limits of the City. The Com pany agrees to replace with the fund created by the depreciation charge all equipment in any way rendered in efficient either by use or by becoming obsolete.
 All paesal injury or other claims arising NDm the operation of the railway and paid by the Company shall be considered as operating ex- pense.
 The Company agrees to furnish the City with full and verified report on the first day of April Of the operation of the railway within the corporate limits of the City for the year proceed ing the first of January of the year in which such report is made and to accompany such report with payment 0t wen CT cent(2ego) of net earn -H ore provided for. and the nave the right tc eAanI;ie Ie Company IOI tEo ore =.,.al: '.%E covering suSD operation
 Section g.
 The Company shall cause said rail way to be erected within the time hereinbefore provided; and the failure of said Company to compete the said road within the time herein provided shall also work a forfeiture of the franchise hereby granted, Provided, however, that in case the City shall fail to provide a right of way over the necessary portion of the Subway, and up Tombstone Canyon as herein before specified then the forfeiture herein provided shall have no Iofce and effect.
 section 10.
 Tho Company will equip all cars with efficient and serviceable fender devices, head lights and sand boxes.
 Each double truck car will be equip ped with two sets of brakes, one of which to be operated by hand and the other to be the most approved type of air brakes for the purpose.
 The cars will be well and suffis.eno- ly heated and lighted.
 The cars will be provided with push buttons at each seat for the purpose of notifying the conductor when pas senger wishes to leave the car.
 Section ii.
 This franchise as a grant of puo- lie utility shall take effect when au- thoriged by majority vote of the qualified electors of said City at special election, duly and legally called for thet purpose, and upon the passage and adoption thereafter of this ordinance by the Common CouIl- ell of the City of Bisbee.
 Passed and adopted by the Common Council of the City of Bisbee, the .. day of ......, 190.
 Mayor.