The comet. (Johnson City, Tenn.) 1884-1916, 1912-08-22


ments for pressure may be made, for il
stance for industrial purposes.
l Sec. 6. In consideration OF the gran
ing of this ordinance by the grantor an
in further consideration of the granite
agreeing not to permit any other part
or parties to lay mains for the distribl
tlon of gas under, In or upon any of til
public grounds or place during the pei
iod of 20 years, the grantee agrees tina
the grantor shall have certain optiol
as hereinafter set out, for the acquiring
OF the said gas plant and undertaking
at the expiration of the term OF twent
years, and the grantee further agree
that the price of gas to the inhabtant
of said city shall not exceed those here
matter named, provided, however. tina
the granting of this ordinance by The
grantor shall be understood as estab
fishing contract between the sale
grantor and the said grantee, the con
sideration OF said contract being, on the
one side, the granting of this ordinance
including the agreement not to allow
any other party or parties to lay pipe OF
mains for the distribution of gas, in, on
or under any public grounds or places,
within the said city, during the period
of ten years, and on the other side, the
agreeing that the price of gas to the in
habltants of said city of Johnson City
shall be as hereinafter named, and the
granting OF the option, hereinafter set
out under which it is agreed that the
city shallhave under certain conditions,
a right to take over said plant, business,
etc, of the gas company at the end of
the term Of twenty years, and the fur
ther agreement to pay to the grantor
the hereinafter stipulated percentage
Of gross receipt during the lifetime of
this franchise.
The price for gas is not to exceed one
dollar and thirty cents ($1.30) per thou
sand cubic feet, this price for gas, how
ever, being reduced so as not to exceed
one dollar and twenty cents ($l.20) after
there are two over Thousand consumers
taking and using gas in said city, one dol
lar and fifteen cents ($l.15) after there
are over three thousand consumers, one
dollar and ten cents ($l.10) after there
are over four thousand consumers, and
at the rate o! one dollar and five cents
(Sl.05) per thousand cubic feet after
there are over five thousand consumers.
1t being provided, however, that a dis
count of Is cents per thousand cubic feet
shall be allowed to those consumers who
pay their gas bills within ten days of
the rendering of same, that is, all bills
shall be due and payable on the first
day af the succeeding month and said
discount allowed on all payments
made on or before the tenth OF
said month, it being further provid-
ed that the grantee shall have the
privilege of temporarily or experiment.
ally charging lower prices to any special
class OF consumers, or to encourage a
new industry. it being further provided
that II the company under any condi-
tiOns elects to use prepayment meters
for any special class of consumers then
the net price OF gas shall be charged TO
the consumers using the prepayment
> l.a4 to Chn h.,l
entitled to discount of fifteen cents
per one thousand feet, as hereinbefore
provided, and it being further provided
that the grantee may make and enforce
as part OF the conditions upon which
gas will be supplied to consumers, such
rules and regulations as are reasonable
and lawful, and may require II special
liability release from any special or par
ticular class of consumers.
OF the gross receipts OF the grantee for
Sas distributed in johnson City, there
shall be paid into the treasury Of the
the grantor the following; For the first
five years, ~ one percentum, for the
second five years, t2) two per centum,
for the third five years (3) three per
centum for the fourth FIVE years, (4) |
four per centum, and forever thereafter
during the life of this franchise or any
renewal thereof, (6) per centum.
Provided, however, that, in making
up the total gross receipts upon which |
this per centage is to be paid to the
grantor the gross receipts Of the grantee
for gas sold or furnifhed to encourage |
new industries, for manufacturing, and |
other purposes at price as much as i
(l0) ten per centum lower than the
prices hereinbefore named shall not be |
continued or considered aud the same |
shall be exempt from such per centage |
charges to the grantor. And the books
OF the grantee shall show how much gas,
and to whom, it is furnished at such re.
duced rate.
The books of the grantee, showing its
gross receipts for gas distributed in
johnson City, together with the names
of the individual consumers, the qnan-
titles of gas consumed by each, and the
collected from each consumer |
in said city shall be open at all times to
the Inspection Of financial OF auditing
committee of the board OF mayor and
alderman of the grantor; but the in
snectinn and auditing of saih books hY |