Bisbee daily review., 1907-05-16


 accident = 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 .vnr pany shall pay to the City on the first day Of April of each year during the life of the franchise twenty per cent tzOFo) of the net earnings ol luz 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 ol fares so taken in, less the cost of operation. repairs, maintenance, in- surance, an interest charge of six Der cent t61o) on cost of that DOT ton of the railway system under op- eration within the corporate limits or the City, and charge of eight per cent (Sfo) for depreciation based on the cost of the system within the cor porate limits of the City. The Con- 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 claims arising from the operation of the railway and paid by the Company shall be considered as operating ex- pense.
 The Company agrees to furnish the , "ity with full and verified report on he first day of April ot the operation If the railway within the cuIr5-ate limits of the City for the year preced tug the first of January of the year II which such report Is made and to accompany such report with payment fl twenty per cent(20qs) of net earn ings as before provided for, and the City shall have the right to eAauI1ue books of the Company foI the pre- 2edins year covering sUCn operation
 Section g.
 The Company shall cause said rail way to be erected within the time hereinSefore provided: aud the failure of said Company to complste the said road within the time herein provided hall also work forfeiture of the franchise hereby granted, Provided, however. that in case the City shall fail 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 Icscc and effect.
 section 10.
 The Company will equip all cars with efficient and serviceable fender devices, head lights and sani boxes. Each double truck ear 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 sufficens- ly heated and lighted.
 The cars will be provided with p4sh- buttons at each seat for the purpose of notifying the conductor when pas- senger wishes 10 leave the car.
 section ii.
 This franchise as q grant of a psi.,- ile utility shall take effect when au- thorized by a majority vote of the qualified electors of said City at a special election, duiy and legally called for that purpose, and upon tho passage and adoption thereafter of this ordinance by the Common Coui- ell of the City of Bisbee.
 Passed and adopted by the Common Council Of the City of Bisbee, the .. day of .-.-.-. fso
 ..-.-....-.-.
 Mayor. .......... city Clerk.