Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1909-05-06
ORDINANCE NO. 1913.
Continued from Page 81

lIOu rage %
of its said plant and save said city
harmless from all judgements OBJ
tanned against it by reason of the
erection, existence or opera ton of its
said poles, wires and appurtenances.
Section -Four During fire in any
building connected with or adjacent
to the active electric wires of said
company, said company shall upon de-
mand OF the Mayor or acting Chief of
the Fire Department.. diSconnect its
electric current in such wire or wires
during such fire.
Section Five.-In further considera-
tion of the privileges herein granted,
it is hereby made condition obliga-
tory and binding upon said Electric
& Water Company that it shall sell it's
stock to such persons as rent service Of
it, and shall sell to such persons one
share of stock for every two dollars
and fifty cents $3.50 annual rental
paid or agreed to be paid by such
pal ron and no more: and it's said stock
shall at all times be subject to pur-
chase at par and not otherwise by
any citizen or corporation in said city
desiring to take and use service from
said company upon the rental basis
above stated, ro-wit, one share of stock
at the par value of ten dollars $40 00l,
for every two dollars and fifty cents
5000 annual rental paid CT agreed to
be paid by such user
Section SiX.-And it is hereby de-
manded and made condition obliga.
tory on said company that the bust
ness of said COMPANY shall be MANAGED
by Board of Directors consisting Of
five 1h0rS ahOcoY from, tho or
holders OF said company, two Of whom
shall be elected by the Common Coun-
Gil of said city 1T its last meeting
prior to the annual meeting of the
stockholders of said company.
Section Seventh is further pro-
vided that said city of Grand Rapids.
may at any time purchase from said
Electric q Water Company, it's cleo
trio light plant, and all its property
and assets by assuming all indebted
ness OF said company not exceeding
the sum Of thirty thousand dollars
| $3.50, OOO) and paying its stockholders
the par value of their stock and no
more, it being expressly understood
that in case said city at any time
hereafter purchase and take over said
Electric 81 Water Company's plant as
herein provided, said city will not be
required to pay at any time or under
any circumstances any sum therefor
on account of this franchise and the
rights and privileges hereby granted.
Section Eigbt.-In granting this
franchise to said Electric & Water
! Company the city of Grand Rapids
reserves the right and privilege at
any time, to grant to any person, co
partnership or corporation the right,
permission or franchise, TO place and
maintain in the public streets, alleys
and other public grounds and places
OF said city, poles, wires and other
appliances necessary and proper for
the transmission OF electric current to
and for the operation of any manufac-
turing or industrial plant within or
without the corporate limits of said
city
Section Nine In addition to the
| franchise already granted to the
Grand Rapids Street Railroad Com
pany tile city of Grand Rapids further
reserves the right and privilege to
grant to aGy other street or interurban
railway the right privilege or fran
chise to erect and maintain in the
public streets. alleys and other public
places of said city, all poles and wires
and other appliances necessary or con-
venient for the purpose of operating
such railway, and in that behalf,
any such railway shall have the right
and privilege to manufacture for its
own use, or by purchase or lease to OBJ
tain all necessary power, energy and
current for the operation of its rail
way from any corpora ton or person.
other than said Electric q Water
Company, its successors or assigns,
Within or without the corporate limits
Of said city, and electrical lighting for
its cars, barns and plant
Section Ten. This ordinance shall
be in force from and after its passage
and publication in the official paper
in the City of Grand Rapids, and
upon the said Electric & Water Com
pany filing with the City Clerk of said
City written acceptance of this
ordinance. and said Company is here
by given Ninety 1907 days in which
to accept the same, and when SO &C
copied, Ordinance No. Sc under Y hich
the said Electric & Water Company
now operates, is hereby repealed
Passed and approved by an affirma-
tive vote of the Common Council of
the City of Grand Rapids, Wisconsin,
this Fourth day of May A. D. 1909.
Attest:
G. E. Boles, Frank Pomainvile,
City Clerk. Mayor.