Bisbee daily review., 1907-05-22

ol o.VV a. m- and 11:00 D. m. un- Iess prevented by some unavoidable accident. -- as many additional ears snaii be run as the necessity of the public shall demand
 Section g.
 1t is agreed that the consideration for the rights and privileges granted by the City to the Company under this franchise shall be, that the Com. pany shall pay to the City on the first day Of April of each year during the ne or the franchise twenty per cent lZOfob or the net earnings OI me Company for the preceding year end Ing the first of January, derived from the nYe cent fares taken in on cars WhDe 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 per cent (6%) on cost of that DOT 1on of the railway system under op- eration within the corporate limits of the City, and a charge of eight per cent (S%) 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 by use or by becoming obsolete.
 All personal injury or other cIaims arising from the operation of the railway and paid by the Company snail be considered as operating ex- pense. The Company agrees to furnish the City with full and verified report on the first day of April ot the operation | of the railway within the corporate | limits of the City for the year preced l ing the first of January of the year in which such report is made and to | accompany such report with payment | of twenty per cent(29S5) of net earn ings as before provided for, and the City shall have the right to eAaIuIue books of the Company foI thc pre- ceding year covering sucn 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 compIste the said | road within the time herein provided | shall also work a forfeiture of the | franchise hereby granted, Provided, l 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 shah have no ioice | and effect.
 section 10.
 Tho Company will equip all cars | with efficient and seryiceable fender | devices, head lights and sanI 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 suffic.en5- | 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 Q grant of pu3- lie utility shall take effect when au- | thOrized 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 of | this ordinance by the Common Coun- cil of the City of BIsbee. Passed and adopted by the Common | Council of the City of Bisbee, the .. day of ....... 1s0.
 Mayor. Attest: City clerk.
 First publication May g. 1907.