The Detroit times., 1911-11-08

am contracts shall be signed ~ thr
name OF the cts OF Detroit by the
president aud secretary OF said koaru.
section 6 IL shall be the duty OF
said Board 90 proceed promptly 10
purchase. acquire or construct anu
TO own and operate a system OF street
RAILWAYS i'm and for the CITY 81 De-
truit and as soon a. practicable, 20
make said system exclusive. lh'A
shall Whenever they deem necessary
build extensions and new lines anu
such extensions and new lines shall
be FIRST approved by the Common
Council OF the CIV % Detroit lh'N
shall adopt suitable civil service rules
based upOn merit for all cmploH,r
section said BOARD may purchase
or lease. or by appropriate proceed
INKS as prescribed by law, and an the
name ~ the city OF Detroit condemn
all or any part of the existing street
railway property In the cry OF De
troit
SECTION ) II IL shell bc found i'm
possible or impracticae}e 60 make
purchase uv lease or cNlstnk strVet
railway properties, or n u snail ne
found impossible or tmpracucahie 10
institute condemnation proceedings az
aforesaid then said hoard may. Win
the consent OF the people OF the cry
OF Detroit IN the manner prescribed
bN law make the necessary purchases
81 apJS. machinery, engines. ties,
rails. mol e. vines, conduits. cars, toois
and ali other articles. apparatus, appu-
ances. Instruments and things neees-
sary 10 construct own and operate. anu
8, shall construct, own and Operate lh
said city a system OF street railways
in and through such streets and other
places In the city OF Detroit as the
Common Council shall from time 70
tiWe elect
section q ANY contract 70 purchase
herein contemplated. or any plan 70
condemn existing street railway prop
artv shall be void unless approved bV
three-tiftts t3-sl OF the electors Not
ing thereon az any general or specie'
election.
section 10 The Common Council OF
the CiJy OF Detroit shall. on request
% said BOARD ISSUE bonds or the Clty
OF Detroit 20 be known as 1Hprrh
Bonds To the amount OF one CD per
cent OF tho nssess ID value % the resl
and persunnl property IN the city Sald
bonds shall be payable BY the CIV OF
Detroit at such time or ttmes' ana =,
such rate % interest. as he BOARD and
the Common Council may determine,
and the proceeds Of said bonds shall
be used for the purpose ~ sechrtnkg IN
some one Of the WAYS herein provided,
a public street railway system IN the
city OF Detroit
SECTION n sail Common Council
shall likewise on request of said Board.
issue further or additional PonuS "l
the C'tv or detroit. 20 he known a-
StraCt railway bonds IN s+i+h dennln-
nation and PAYABLE N such time or
times and bearing such rate % inter.
est a. the Common CouGctl ana SAID
Board NAV determine. These bonds 20
-l.-ls -as.-.l -rlil--iEdlcss- OF the cltEs hunt
Ing liuIit. and said honGs shall impose
no liability upon the civ % Detroit.
but shall be secured only upon the
property. and revenues ~ the strFft
railway system. including franchise
stating thu terms upon which in case
az foreclosure and purchase. the pttf--
chaser NAV operate the same, which
franchise shall in no case extend toi a
longer period than twenty years from
the date Of the sale OF the street rail
way system and the franchise on such
foreclosure
section II Said BOARD shall prepare
franchise and submit the same 10 the
Common Council % the city. and the
Common Council shall submit Il TO the
electors OF said city, ana II approved
by three -hfths OF the electors voting
thereon. said franchise shall be valid.
and II not approved 1N the electors as
aforesaid said Board shall continue 20
prepare and submit franchises as
aforesaid until a fran ,hise IL approved
ny three iifths OF the electors voting
thereon al any general or special cleo
ton. No bond " any description here
in authorized shall be issued until said
security franchise has been approved
as aforesaid nor shall any bond herein
authorized he issued unless said secur-
ity franchise shall be in such terms as
SINH permit bonds 10 ne Issued and
sold hereunder at not less than par.
section 10. when franchise has
been submitted 10 and approved by
the electors as herein provided, then
said Board may request and said Com
mon Council shall issue and sell the
genera bonds herein authorized and
enough OF said street Railway bonds
herein authorized 10 complete the pay
ucHt Of the purchase price, or the
award In the condemnation proceed
ings. or the cost % construction OF
said plant and suitable and neces-
SaTr amount OF working capital, and
the proceeds OF said bonds slpaI II he de-
like rcd 10 said Board. and out OF the
proceeds said Board shall pay the pur-
g base price, or the award In the con-
delrndtlon proceedings. or the cost OF
said construction. and use the remain
der for working capital. and when
ever any extension 10 said street rail
way system Is authorized as herein
pEnAidEd d SAID Common Council shall
issue and sell q further and additional
amount OF said street railways bonds
sufficient 10 pay the actual cost Of the
extension. and no more. and shall pay
and deliyer TO said Board the proceeds
uf said additional issue OF street rail
WY bonds. and out OF said proceeds
said Board shall paw the cost and ca
pcns" % said extensions
section IL. The said Common Coun-
ci! shall not issue and said Board shall
not request said Common Council 70
issue any Of the bonds herein authoriz-
ed, unless the issue 81 said bonds shall
ht approved by three ifths OF the cleo
tors voting thereon at any general or
special election.
section IS Said Board shall have
tbr supervision. management and con-
troll of III, entire public street railway
- stem OF Detroit both In it's construc-
tlou and operation. a. fully and COM
Iletelv as " said BOARD represented
private owners. without further ap-
prevail or Coufirma zion Of their con-
tracts by the Common Council Of tho
city OF Detroit except as herein pro-
Ntded, but they shall report their do
lngs TO the Common Ce4InCil annually
anu at such other times az the Com
mon council may request
Section g.. The rate OF fare on said
street railway system shall he sun
icicnt TO pay and the said Board shall
cause 20 be .dld
ttat Operating expenses including
paving aud watering between tracks
thl Taxes on the physical property
% the entire street car system tho
same as though privately owneI ''''
= co Fixed charges.
CD SUFFICIENT per cent per an
mum SO as 10 provide = sinking fund
10 pav the principal % the bonds is
sued. a: :heir maturity
section II said Board shall have
rtr'fsaTt apparatus. appliances and
connections and 20 supply and soil
from It's surplus. " any electric ltght
'fai ana power 20 any and all an
lnltaht@ therefor at reasonable
pre- Dat not below cost
soon az practicable. have In use. and
SHAH thereafter maintain plant or
plants with suitable modern. .ccnomias
aLd may sell, consume or dIgtributa
All rs Dy-products
section ~ All claims that may arise