Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1909-03-11

| alton of the privileges herein granted
it is hereby made a condition obliga-
tory and binding on said Electris &
Water Company that it shall sell its
stock to such persons as rent ser
vice of it, and shall sell to such per-
sons one share of stock for every
Two Dollars and Fifty Cents (S25O
annual rental paid, or agreed to be
paid by such patron, and no more; ar
its said stock shall at all times be
subject to purchase at par and not
otherwise by any citizen or corpora
ton in said City desiring to take and
use service from said Company upon
the rental basis above stated, to-wit:
one share of stock at the par val
of Ten Dollars $4,000, for every
Two Dollars and Fifty Cents (s2.50)
annual rent paid or agreed to be
paid by such user.
SECTION SIX. And it is hereby
demanded and made a condition oblig
atory, on said Company that the bust
ness of said Company shall be man.
aged by Board of Directors con-
slstlng of five members chosen from
the stockholders of said Company
two of whom shall be elected by the
Common Council of said City at its
last meeting prior to the annual meet
ing of the stockholders of said Com
pany.
SECTION SEVEN. 1t is further
provided that said City of Grand
Rapids may at any time purchase
from said Electric & Water Company,
its successors and assigns, it's e,ec-
| trio light plant, at a value not ex-
| ceed1ng the amount of its indebted
ness and par value of its stock ex-
listing at the time of purchase. And
in no event shall this franchise or
the occupation, rightful or otherwise,
of the streets, alleys and public pace
of this city, be reckoned as an ele-
ment of such value.
SECTION EIGHT. That in making
this grant there is expressly reserved
to said city of Grand Rapids the alb
solute right at any and all times
(a). To lease, hire, purchase pro
duce or manufacture for it's own use
in the operation OF its waterworks
system or any other public utility by
1t owned or operated, any and all
power, electrical or otherwise, which
it may deem necessary, convenient
or proper;
| (b). To grant, at any time or
times, to any corporation or person,
within or without the corporate lin
its of said City, the franchise, per
mission or right, for such time or
times as said City may deem fit to
place and maintain in the public
streets, alleys and other public
grounds and places of said City, lines
OF poles and wires and other appli-
ances necessary or proper for the
| transmission of electrical power, en-
ergy and current, for the operation
of any private manufacturing or in
dustrial plant within or without the
corporate limits of said City;
(c). To grant to any street or
interurban railway the right, priv
lege or franchise to erect and main
| tain in the public streets, alleys and
other public places of said City al
poles and wires and other appliances
necessary or convenient for the pur-
pose of operating such railway, and
| in that behalf, any such railway shall
| have the right and privilege to man
ufacture for its own use, or by pur-
chase or lease to obtain all necessary
power, energy and current for the
| operation of its railway from any cor
poration or person, other than said
Electric & Water Company, it's sue
cessors or assigns, within or with
out the corporate limits of said city.
| SECTION NINE. That upon receiv
ing permission from said city to use
its streets, alleys and public places
or any thereof as provided in the pre-
ceding section, the person or persons,
corporation or corporations so receiv-
ing such permission shall have full
| and absolute power and authority as
against all persons or corporations,
| including said Electric & Water Co.,
Its successors and assigns to pur-
chase, lease, sell or rent for said
purposes, such power, energy and
current. And shall have like power
and authority where the streets, al
leys and public places of said city
are not occupied
SECTION TEN. This ordinance
shall be in force from and after it's
passage and publication in the of
fetal paper in the city of Grand
Rapids, and upon the said Electric &
Water Company filing with the City
Clerk of said City a written accept
| ance of this ordinance, and said Com
pany is hereby given Ninety 600 days
in which to accept the same, and
when so accepted, Ordinance No. Sc
under which the said Electric &
Water Company now operates, and
all other Electric Light Ordinances
and franchises are hereby repealed;
and such acceptance by said Electric
& Water Company shall be construed
as an assent by it's successors and
assigns, to all the terms and provis-
ions of this ordinance.
Passed approved and adopted by
the Common Council of the City of
Grand Rapids, this Second day of
March, A. D., 1909.
c. E. Boles, F. Pomainville,
Clerk. Mayor.