Cañon City record., 1907-07-18
Use Back end the City Is
t Causing Complications
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Seely any others who wished to
addrt le council upon the matter
OF rennquishing the franchise to the
grantee.
Clyde c. Dawson, on behalf of the
creditors, opposed it's surrender to
Mr.. Heath and his associates until
more definite information could be OBJ
tanned in relation to their plans and
financial standing. Mr.. Heath, in the
opinion OF Mr. Dawson, had given the
creditors no guarantee, no assurance
of what he was going to do and as
the franchise was an asset with a
greater or less value, the council
should not give II up until it had re-
ceived further light upon the inten-
tons of the company, which at the
present time were somewhat OBJ
scure.
The creditors" said Mr.. Dawson,
are not hard to deal with and would
seventy-five cents on the dollar or
even less"
Chas. r. McLain addressed the coun-
Gil at some length in favor of giving
Mr.. Heath the franchise. Other speak
ers were Henry l.. White and Chas.
C. Durkee, who opposed the giving up
OF the franchise as being antagonistic
to the interest of the creditors. Mr.
Durkee intimated that inasmuch as
the creditors were in possession of all
the property owned by the Granger
company they were in as good, II not
better. position to build the road than
anybody else and that they might be
compelled to complete the undertake
ing as a matter of self-protection.
That the council might clearly un-
dcrstand the motives which prompted
Mr.. Heath to assign the franchise the
mayor requested the clerk to read
from the records his communication
at the time of the assignment. which
was as follows:
Canon City, Colo. Jan. 10, 1907.
To the Honorable Mayor and City
Council OF the City OF Canon City.
Gentlemen:-
Whereas, there are number of
outstanding bills against the Canon
City. Florence and Royal Gorge Inter
urban Hallway company. and
Whereas, | am now applying for a
franchise for n street railway within
the limits of said Canon City. make
you the following propositions:
II the ordinance granting me a
franchise for n street railway in the
city of Canon City shall be passed by
your honorable body, will immedi-
ately assign all my right. title and
interest In said franchise to the
mayor of Canon City. to be held by
him upon the following conditions:
LIST. II / pay, or cause TO be paid.
all Of the outstanding bills of said
The Canon City. Florence and Royal
Gorge Interurban Railway company
for labor. material. provisions. salaries
and professional services. within nine
ty days after said bills shall have been
allowed by the district court in Ere
mont county. then said franchise
granted to me is to be Immediately
re-assigned by said mayor to me, or
TO my assigns.
End II shall fail to pay. or cause
to be paid the bills above referred to-
of the essence of this agreement ,
then my assignment OF said franchise
to the mayor of your city shall become
absolute, and he shall, under your
direction. be authorized to make such
disposition of said franchise as he
may see At.
3rd. In calculating the time within
which am to pay or cause to be paid
the bills above referred to. no time
shall be allowed or counted against
me In which I shall be restrained or
prevented from paying said bills, or