The Socorro chieftain., 1908-04-04

| monthly bills within such time as
may be prescribed, or who shall fail
to conform to any reasonable rules
or regulations prescribed by the
Company.
Section 8. The Company shall at
all times. during the life of this
franchise. save the city harmless
against any and all damages. which
may be caused in the construction.
maintenance or operation OF said
plant and its said lines for the trans
mission OF power; and shall. at its
own expense. defend all actions that
may be brought against the city for
damages alleged to have been caused
by such construction. maintenance
or operation.
Section .. In consideration OF the
granting OF this franchise the Com
| pany shall permit. and the city
hereby reserves the right, at any
time. to attach to said poles. posts
or towers fire alarm and police wires
and fire alarm boxes; the same 20
be done at the expense OF the city
but under the direction and super
vision of said Company.
Section 10. The rights, privi-
leges and franchise hereby granted.
are granted to the Socorro Electric
Company for the period of nfty
years from the date OF their accept
| ance by said Company. but may be
terminated at any time within such
period by the wilful violation by
said Company of the terms and con-
ditlons OF this franchise or by its
wllful failure to maintain and op-
crate said plant for the period OF
three months; but not for any ces-
sation OF operations caused by fire.
breakdown or other unavoidable
accidents when the Company shall,
with reasonable diligence. proceed
to replace. repair and put in opera
ton the said plant and lines.
Section IL. The Company shall
begin the work of erection and con-
struction of its said plant or lines
within two months and shall COM
plote and put in operation said plant
within six months from and after
the date, upon which the rights,
privileges and franchise hereby
granted shall be accepted by said
Company, and upon failure of the
Company either to commence said
work or to complete said plant
within the times above limited. all
the said rights. privileges and fran
chse shall forthwith cease and de-
termine.
Section IL. Upon the termination
of said rights, privileges and fran
chse in the manner provided In
sections 10 and IL. of this ordinance,
the Company shall have the right 20
sell, dispose. of or remove all posts,
poles. wires. towers and other fix
lures and appliances owned and
placed by 1t in any Of the streets,
avenues, alleys or public grounds of
said city within two months from
and after the termination of said
rights. privileges and franchise And
upon the failure of the Company to
avail itself of this right within two
months. the city may take down
and remove all such posts poles,
wires. towers and other fixtures and
appliances, and sell the same at
public auction. and after paying all
costs of taking down and removal
and OF sale, to pay over the balance
OF the proceeds of said sale. If any,
to the Company. its successors or
assigns upon reasonable request.
Section 13. The Company shall
supply and sell to its customers,
within the city of Socorro. common
incandescent lamps, wires and other
appliances, commonly and ordinar-
lily Lied in lighting residences, with
electricity, and may install the same
at prices not more than twenty per
cent above the actual cost of such
lamps wires. appliances and install
lation: but this restriction shall not
apply to any arc lamp, or lamps, OF
an unusual size or character, or
necessary appliances or material
therefor or for any electric appll-
ance or apparatus designed for any
purpose except lighting. and which
may be furnished and sold by said
Company.
Section IA. The Company shall
not. during the life OF this franchise,
Increase the amount OF lts capital
stock either common or preferred,
unless such additional stock is fully
paid for. at its par value In money
or in property. or unless such addi-
tional stock represents increased
or additional value of the actual
plant and assets of the Company.
excluding franchises, over and above
the present capitalization of Thirty
Thousand Dollars.
Section Is. This ordinance shall
, go into effect upon the date of the
, filing by the Company in the office
of the CITY Clerk of an uncondltion-
al acceptance In writing OF said
rights, privileges and franchise and
| o. all the terms and conditions above
specified.
Passed by the city Council OF the
, City OF Socorro. this 10th day OF
? March. A. ID. 1908.
(SeaD H. o. BURSUM.
Mayor.
by Newcomb.
, Attest:
w D. NEWCOMR