Bisbee daily review., 1907-05-12

every half hour, between the hours of eco a. III. and 1I:O0 D. In. uu- less prevented by some uuay oidable accident ~-- as many additional cars shall be run as the necessity Of the public. shall demand.
 Section 8.
 IL is asneed that tne consideration for the rights and privileges granted by the City to the Company under this franchise shall be, that the UUui- pany shah pay to the City on the first day of April of each year during the life of the franchise twenty per cent t2OfoD Of the net earnings oI Jpe 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 the corporate limits of the City of Bisbee. The net earnings shall consist oI fares so taken fE, less the cost Of operation, repairs. maintenance. in- surance,. an interest charge of six Der cent (6E) on cost of that DOT ti0n of the railway system under op- eTation within the corporate limits of the City, and charge of eight per cent (SGe) for depreciation based on the cost of the system within the cor 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 bv use or by becoming obsolete.
 All personal injury or other ciaiIns arising from the operation Of the railway and paid by the Company shall be considered as oDeTating 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 cur y5orat.. limits of the City for the year preced ing the first of January of the year in which such report is made and to l accompany such report with payment of twenty per cent(20Go) of net earn iHgs as before provided for. and the City shall have the right to eAauuIs books of the Company foi thc pre- ceding year covering suCn operation. section 9.
 The Company shall causr Sdti rail way to De erected within the time heTCinbcfore provided; and the failure Of said Company to cOmpIeta the said 1 road within the time herein provided shall also work forfeiture of the i franchise hereby granted. Provided, however. that in case the City shall fall to provide 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 aCice and effect
 section 10.
 The Company will equip all cars with efficient and serviceable fender | devices, head lights and saa.i boxes. Each double truck car will be equip | ped with two sets of brakes, enc of which to be operated by hand and the other to be the. most approved type of air brakes for the purpose. | Toe cars will be well and suffic.ens- ly heated and lighted.
 The cars will be provided with p'Ish- buttons at each seat fer the purpose Of notifying the conductor when Ias- I senasr wishes 10 leave the car
 section fl.
 This franchise as a grant of a pub ! IL utiltr shall take effect when au- I ihorized by majority vote of the qualified electors of said City at a | special election, duly and legally called for that purpose. and upon tho passage and adoption thereafter oS this ordinance by the Common Couil- ell of the City of Bisbee.
 Passed and adoDted by the Common Council Of the City of Bisbee. the . day of ......, lso
 -.-.........
 Mayor. Attest:
 i....,..... City clerk.
 First publication May 3. 19e7.