Bisbee daily review., 1907-05-28
Section 8.

Section 8.
 It is agreed that the consideration for the rights and privileges granted by the City to the Company under this franchise shssI be. that the ,,unr- pany shall pay to the City on the first day of April Of each year during the life of the franchise twenty per cent (20eoD of the net earnings oI uus 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 in, less the cost of operation, repairs, maintenance, in- surance, an interest cn1rge of six per cent (6qo) on cost Of that DOT tion of the railway system under op- eration within the corporate limits of the City, and a 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 b. becoming obsolete.
 All personal injury or other cIaims arising from the operation of the railway and laid by the Company shall be considered as operating ex- pense.
 The Company agrees to furaish the , City with full and verified report on | the first day of April ot the operation of the railway within the coI porate limits of the City for the year preced- ing the first of January of the year In which such report Is made and to | accompany such repo-4 with payment of twenty per cent (209o) of net earn ings as before provided for, and the City shall have the right to examine books of the Company for the pre- ceding year covering such operation. Section 9.
 The Company shall cause said rail- way to be erected within the time hereinbefore provided: and the failure of said Company to compete the said road within the time herein provided shall also work a forfeiture of the l franchise hereby granted, Provided, ! 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 ss herein before specified then the forfeiture herein provided shall have no Iofcc and effect.
 section 10.
 Tho Company will equip all cars with efficient and serviceaple fender devices, head lights and sani boxes.
 Each double truck car will be equip ped with two sets of brakes, one oi which to be operated by hand ana II the other to be the most approved type of air brakes for the purpose.
 Tue cars will be well and sufficient ly heated and lighted.
 The cars will be provided with Dush buttons at each seat for the purlsos' of notifying the conductor when pas : senger wishes to leave the car section ii. This franchise as a grant of a put 7 lie utility shall take effect when au thorized by a majority vote of tn : qualified electors of said City at special election, duly and legail, called for that purpose, and upon tn l passage and adoption thereafter o B tkis ordinance by the Common Coui r cil Of the City of Bisbee.
 Passed and adopted by the Commo
 Council of the City of Bisbee, the :. e day of ......, 190.
 Mayo 8 Attest.
 ' ............. City Clerk. al First publication May g. 1907.