Bisbee daily review., 1907-07-16

of any other system of electric power distribution for the purpose of obtain ing power for the operation of said railway,
 SECTION 6.
 The fare to be charged on tho rail way lines within the corporate limits of the City of Bisbee shall not exceed five cents per person for one contin- uous trip in one general direction, ex- cept when cars are chartered by pri- yate parties, and should it be neces- sary for passengers to change cars to continue their trip in one general di- rection the railway shall issue trans fer ticket good for such continuous trip without an additional fare.
 SECTION 2.
 It is further provided that after the completion of said railway. sufficient cars shall run upon the same to con- fortably accommodate all passengers or patrons so as to reach or pass any given point in each direction within the city limits on said line at least every half hour, between the hours of 6:OO a. m. and 11:00 D. m. unless pre- vented by some unavoidable accident: and as many additional cars shall be run as the necessity of S'~ nnhlic shall demand.
 SECTION 8.
 It is agreed that the confederation for the rights and privileges granted by the City to the Company under this franchise shall be that the Company shall pay to the City on the first day of April of each year during the life of this franchise twenty per cent (2O%o) of the net earnings of the Con- pany for the preceding year ending the first of January, derived from the five cent fares taken in on cars while operating on tracks within the corpor- ate limits of the City of Bisbee. The net earnings shall consist of fares so taken in, less the cost of operation. repairs, maintenance, insurance, an interest charge of six per cent (6%o) on cost of that portion of the railway system under operation within the corporate limits of the City, and a charge of eight per cent( (8@o) for de- preciation based on the cost of the system under operation within the corporate limits of the City. The Con- pany agrees to replace with the fund created by the depreciation change all equipment in any way rendered in- efficient ither by use or by becoming obsolete.
 All personal injury or other claims | arising from the operation of the rail- way and paid by the Company shall be considered as operating expense. The Company agrees to furnish the City with full and verified reports on the first day of April of the opera | tion of the railway within the corpor. ate limits of the City for the year preceding the first of January of the year in which such report is made | and to accompany such report with payment of twenty per cent (209o) oi net earnings as before provided for and the City shall have the right tc examine boks of the Company for the preceding year covering such opera ton.
 SECTION g.
 The Company shall cause said rail | way to be erected within the time hereinbefore provided; and the fail ure of said Company to complete the said road within the time herein pro vided shall also work a forfeiture oi the franchise hereby granted, pro Vided, however, that in case the City shali fail to provide a right of way over the necessary portion of the Sub way, and up Tombstone Canyon 9: bereinbefore specified. then the for feiture herein privided shall have nc force and effect.
 | SECTION 1c.
 The Company will equip all car! with efficient and serviceable fender devices. head lights and sand boxes. Each double track car will be equip ped with two sets of brakes, one o which to be operated by hand and thC other to be the most approved type of air brakes for the purpose.
 The cars will be well and sufficient 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.
 l This franchise as a grant of pub , lie utility shall take effect when au thorized by a majority vote of tn, } qualified electors of said City at special election, duly and legall. called for that purpose, and upon tn | 1 passage and adoption thereafter o r this ordinane by the Common Counci 1 of the said City of Bisbee.
 Passed and adopted by the common Council of the City of Bisbee, tn VIM. HUGHES. r Actin Mayor Attest: c. W. HICKS. City Clerk.