The comet. (Johnson City, Tenn.) 1884-1916, 1912-07-11

reasonable notice thereof as may be
practicable, or as the exigency of the
case will permit.
Sec, 10. Within thirty days after the
passage of this ordinance upon its third
and final reading and its approval by
the Mayor, the grantee shall deposit
five hundred dollars (S50O.O .O0) and within
sixty days there after, nine thousand
five hundred dollars (S95OO.O0) in escrow
in Il local bank in said City, said sum of
five hundred dollars (5O0OO) t" be
forfeited to the grantor at the expira-
| tion of sixty days, unless said sum of
nine thousand five hundred dollars
(S050C. .00) is deposited as herein
ipulated-howeyer, the amount here
required to be deposited may be reduced
as herein after prOvided-as a guarantee
Of good faith and assurance that the
said grantee will begin the construction
of the said plant or system, under this
ordinance, within three months after
its final passage and its signing and
approval by the Mayor, one thousand
dollars ($l0O0,00) of said last named sum
to be forfeited to the grantor if work is
not begun within three months. 1t is
provided, however, that one-half the
amount shown by cancelled checks or
vouchers of the grantee showing pay
ment made upon machinery, fixtures,
equipment purchased for and installed
in Johnson City, and labor, or contracts
in pursuance of the purposes of this
franchise exhibited to the Recorder Of
said City shall be acceptable and accept
ed under this ordinance as credit upon
the amount herein before required to be
| deposited in escrow. And it is provided
further that, of the amount actually
deposited in es crow as aforesaid, the
grantee may be allowed to with draw at
the end of each month an amount equal
to one-half of the entire expenditures
during said month for material,
machinery, equipment, labor, contracts,
ETC., as aforesaid, on account of the
progress of the work on said plant and
system, until said deposit is exhausted,
the grantee to file with the grantor
certified statements of expenditures
until deposit is exhausted as above
stipulated.
Unless the said grantee has construct.
ed gas plant and is distributing gas in
said City within one year from the date
of the final passage and approval OF
this ordinance, the deposit made under
the provisions herein before set out
shall be and become forfeited to the
City, unless work thereon shall be
unaviodably Kindred and delayed by
strikes, labor disturbances, public
enemy, or acts of God. If gas is moi
being delivered to consumers within
two years from final passage OF this
ordinance all rights granted here under
shall be forfeited and such part of the
plant, fixtures and machinery as have
been installed shall be forfeited to the
grantor, and the grantee SKI not be
permitted to remove anything OF value
that has been installed during said
period of two years.
Sec. H. Be it further ordained thai
the plans and specifications for work &c
be installed in the public highways shall
be submitted to the City engineer fol
examination and approval, in order
that the work to be installed may be
done in manner to provide safety tc
persons and property, so that the work
when installed, will not interfere with
the highways for their proper purposes
and in order that said City may have al
accurate knowledge of the location ol
mains and equipment in said highways
to be installed under this ordinance, bu'
such supervision shall not release the
grantee from damage to persons o.
property, nor shall the City be liable fol
any such damages, but should thu
grantor change the grade of any stree
in which the grantee has laid its pipe
by the direction of the grantor, ant
require the grantee to move its pipes
then the grantor shall pay the costs o
such removal.
Sec. 12. Bsit further ordained; Tha
all public grounds, or private property
that may be damaged in any way by tn
grantee shall at his or their expense b
Continued on page 2.