The Fargo forum and daily republican. [volume] (Fargo, N.D.) 1894-1957, 1911-07-03

and assigns Of such Company
Section 6. The Union Light, Heat q
Power Company, its successors anu go
signs. shall pay TO the City treasure
of the City Of Fargo annually on the
first day of December Of each year loI
and during a period Of Eve years aItel
the filing of its acceptance of this OF
ldinance the sum of one half Of one per
cent Of the gross income or reVeilue
derived by said Company during lAe
preceding year from the sale OF steam
or steam heat, and annually on lhe
first day Of December of each yea
during the next succeeding period OF
five years the sum Of one per cent OF
it's gross income or revenue aforesalu'
and annually on the first day Ok De-
cember of each year during the next
succeeding period of Ave years the sun
of one and one-haf per cent OF aus
gross income or revenue aforesaid, py
way of compensation to the CITY q
Fargo for all the rights, privileges ana
franchises herein granted, and atter
the expiration of the said fifteen year
period the amount Of such annual pay
ment to the City of Fargo by the SAID
Union Light, Heat & Power Company,
it's successors and assigns, may De
from time to time readjusted, fixed and
established by ordinance by the City
Council Of the City of Fargo, or by the
Commission of such City in case
Commission Form of Government shall
have been established by said City, at
sum which is just and reasonable,
provided that the rate and amount OF
such compensation shall be so hxea
and established by such City Councn
or Commission, after notice TO the SAID
Union Light, Heat & Power Company
its successors and assigns, and after
reasonable opportunity to such COM
pany, its successors and assign, to ap-
| pear and be heard in relation to the
rate and amount Of such compensa-
ton; provided, further, that the rate
and amount of such compensation,
when so fixed and established, shah
not be altered by the City OF Fargo
oftener than once in five years; ana
upon the failure of the said Company
to make either or any Of the payments
aforesaid, including the payments here
| inbefore recited and the payments 70
be hereafter fixed and established by
such City Council or Commission, at
the times aforesaid, the rights ana
privileges herein granted, or then used
or enjoyed by the said Company, its
successors and assigns, in all the
streets, alleys or public places of the
said City shall Immediately cease and
determine.
| Section s. For the purpose Of as
pertaining the amount of the gross in
come, revenue or earnings derived by
said Union Light, Heat & Power Conn
pany, it's successors and assigns, from
the sale of steam, steam heat or stearA
power the City Of Fargo shall have the
right to inspect or examine the books
and records of said Company, its sue
| cessors and assigns, at all reasonable
times and under all reasonable condi-
tions, and the City may for the pur-
pose of making such inspection and ex-
animation appoint any official Of such
City or any other suitable person to
inspect or examine such books and rec
ords.
Section 9. The rates and prices to
be charged for steam heating during
any one heating season comprising
period from October to April, inclu-
sive, shall not exceed forty cents per
square foot of radiation. But the
Union Light, Heat & Power Company
shall also have the privilege of INSTALL
| ing meters at it's own expense on all
customers services or at the discharge
end OF all customers services, and
shall have the privilege of charging
meter rates similar to the rates charg
ed by similar corporations located in
cities of similar population and under
similar climatic conditions and fuel
rates; provided, however, that all such
rates shall at all times be reasonable
and may be regulated by the City as
provided by the act Of the legislative
assembly of 1911 authorizing cities to
fix maximum rates to be charged for
public service and utilities, and any
acts of such legislative assembly here
after passed amendatory thereof or
supplementary thereto.
Section 10. This ordinance shall
take effect and be in force Immediately
after its passage, approval and publi-
cation, and the written acceptance
thereof by the Union Light, Heat &
Power Company, which shall be filed
with the City Auditor of the City OF
Fargo within thirty (S0) days after it's
passage and approval; and shall re-
main in force and effect for period of
twenty five years.
First reading. March 81, 1911.
Second reading and Anal passage,
June %, 1911.
Approved July 1. 1911.