The Elk Mountain pilot., 1908-03-19

bOlldrs kSou'D per uioHtn. 'Ot cfN'''t
curreu. furnished for power or pur,
poses other than light, on met !
basis, not exceeding twenty t20) cents
per klowat hour, provided that said The
any, it's SUCCESSORS. grantees and assigns
shall receive not less than One dollar
Isl LOO per month per horse power con
nected, but in no case less than Twenty
dollars ls20 o0l per month per consumer.
Section 1. The Town OF Crested Butte
shall have the right to rent OF said The
Crested Butte Light aud Water Company
it's SUCCESSORS grantees and assigns, such
street lamps as 1t may require, the nun
ber so required to be determined 10y its
Board OF Trustees at Its first regular
meeting in June OF each year, and tue n
mount to be paid for each light per year
shall be agreed upon al such n.tei,ug 10!
said Board ana said Company lis sue
ces sors, grantees or Il, signs, and III case
the parties can not 81 agree, then said
The Crested Butte Light and Water
signs shall select an arbitrator. the Bo.
ard OF Trustees shall select au arbi;ra
tor and the County Judge OF GunnisoL
County, Colorado shail constitute the
third member OF said arbitration com
mittee, and the determination OF a ma
iority OF said committee shall lie hind
ing upon both the Town and sui d Comp
any for tn. ensuing year as I" tie pric'
to be paid for lamps; provided, that
in the event the cou .ty Judge CfGunnisoi
County shall decline or neglect 10 act II,
such Arbitrator, then aud III such cas-
the arbitra,ors cbosen by tn. Boa ri al
Trustees and by sail Company. its sue
ccssors grantees or assigns, respectivel.
shall select the thIrd arbitrator, ana
provided further. that IN no event shnl'
the Town OF Crested Butte bc r.quired
to pay more than fifty dollars ESQ per
lamp per year for each thiri! t'}nl candle
power lamp; provided further. that nj.
street lamps which may be contracted
for and used. under the privilege hereof.
shall be lighted from one half hour aztec
sunset until one hour before sunrise.
Section 5. Tho Board OF Trustees shall
create special fund. to be known as the
Light Fund. upon which shall be
drawn only warrants Tor the payment oil
the Obligations Of said town to said The
Crested Butte Light and Water Comp
ANY. lite SUCCESSORS, gr'ntccs or assigns
arising under and by virtue of its con
tract with said Company and said Town
shall annually appropriate out ot the
revenues derived 10y SAID Town Tor hc'
cnues and fines collected. or To- he col.
l.ctcd, a sum sufficient Ia meet its obi
cations with said Company. II u defr-
,cucy snail occur in the fund no received
by .aid Town 30 as not 10 be sufficient
to liauiiaie the indebtedness due this
Company Tor any year. WHICH detcit
shall he determined on or before the
first day OF October Of each year. then
The Board OF Trustees shall make aspec-
ia tax levy upon AL the taxahle proper
~ within the corporate limits o, sa'd
collected sum sufficient TO pay SAID
deficit. Sand special TAX shall be lev
led and collected, as other taxes arc II!
law levied and collected. provided
that the amount OF said special tax shall
not exceed the rate Of three mile on th'
dollar OF valuation for any one yenr.
Section 6. The rights, privileges ane
franchises hereby granted are upon III
exp-ess condition that said Town sha
at nny time have the right aud power t'
purchase and condemn such works nj
their actual cash value, and at price
excluding all value Il the franchise uf
right OF way through the streets, ana
also excluding any value 10y virtue OF an!
contract for rental or otherwise entered
into with said Town in excess of the ac'
tuai value Of said works; provided that
nothing herein shall authorize the con
demnation OF such works within twen'!
t2U) years after their original erection or
construction, except at periods oil ten
tlol AMI fifteen [l5) years after granting
the franchise therefor.
Section I. The righte, privileges and
franchises hereby granted shall extend
to and inure to said The Crested Butte
Light and Water Company; Its success
sors, grantees and assigns.
Section s. This ordinance and the
rights, privileges and franchises herein
granted shall become effective aud be III
force from and after the passage hereof,
provided said The Crested Butte Lrght
and Water Company shall within thirty
t3ol days after the passage hereof file
with the Town Clerk anu Recorder oil
said Town Of Crested Butte it's wrltten