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

of any consumer, it being however. pro-
vided that by mutual consent of con-
sumer and grantee, abnormal arrange
ments for pressure may be made, for in
stance for Industrial purposes.
Sec. 6. In consideration for the grant
ing of this ordinance by the grantor and
in further consideration of the grantor
agreeing not to permit any other party
or parties to lay mains for the distribu-
tion of gas under, in or upon any of the
public grounds or place during the per-
iOd of ten years, the grantee agrees that
the grantor shall have Il certain option
as hereinafter set out, for the esqurlng
of the said gas plant and undertaking
at the expiration of the term of twenty
years, and the grantee further agrees
that the price of gas to the inhabitants
of said city shall not exceed those here
matter named, provided, however. that
the granting of this ordinance by the
grantor shall be understood as estab-
fishing contract between the said
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 or
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
habitants of said city of johnson City
shall be as hereinafter set out, under
which it is agreed that the city shall
have under certain conditions, right
to take over said plant, business, etc.,
of the gas company at the end of the
term OF twenty years.
The price for gas is not to exceed one
dollar and thirty cents (S1.30) 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 thousand consumers TAX
Ing and using gas in said city, one dol
lar and fifteen cents ($1.15) after there
are over three thousand consumers, one
dollar and ten cents ($l.10 after there
are over four thousand consumers, and
at the rate o. one dollar and five cents
(S1. .05) per thousand cubic feet after
there are over five thousand consumers
1t being provided, however, that a dis
count of fifeen cents per thousand feet
shall be allowed to those consumers who
pay their gas bills within ten days OF
the rendering of same, it being further
provided that the grantee shall have the
privilege temporarily or experimentaIly
charging lower prices to any specia
class of customers, or to encourage
new industry, it being further provided
that If the company under any condi
tions elect to use prepayment meters
for any special class of consumers ther
the net price of gas shall be charged tt
the consumers using the prepayment
meters, that is such consumer shall be
entitled to discount of fifteen cents
per one thousand feet, as herenbefort
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
| p1af u IN q
and lawful, and may require specia
liability release from any special or par
tcular class of customers.
Sec. Z. AT any time within the last
: twelve months of the lifetime of this or
dinance, that is, after it has run fol
ninteen years, and before it's expiration
the grantor shall have the option:
u) Either to extend the franchise
on such terms as may be agreed upon
by both the grantor and the grantee, or
(2.) To buy said plant, pipes, mains
distributing system and all fixtures
machinery and equipment belonging
appurtenant and necessary thereto, a
price to be based on the average ne
earnings of the said concern for the pre-
ceeding~five years, said city having th'
right to take over the said plant by pay
: ing therefor sum upon which salt
: plant realizes six per centum profit pc
annum.
And, II no action Is taken by the gran
tor, within the period hereinbefore nam
ed, then, and in that event, thi
; franchise ordnance shall be automaticall
extended for another period of ten year
from the date of its expiration, to al
intent and purposes as II franchis
: were granted in terms identical wit
: this franchise ordnance twenty year
hence, except that said franchise sha
u not be exclusive for said second tie
yeras- period, aud the prices to be charl
Z ed for gas shall not exceed the averag
rate charged in the cities of: Bristo
Knoxville, Chattanooga, and Roanoke
it being understood that in no even
. shall the rates exceed those as set ut
in section hereof.
4 Sec. Said grantee may require, :
: his discretion, guarantee deposit trol
- persons proposing to be come consumer
not to exceed five dollars per meter ft
. private honses, dwellings or flats, an
. not TO exceed ten dollars per metar K
: stores or public places. the deposit to