Arizona republican., 1912-09-26
books of record and reference:

of proper form in which shall be transcribed accurate and correct cop ies of all franchises and grants by the city to any person, persons or corporation, owning or operating any public utility. The index of said rec ord shall give the name of the gran tee and thereafter the name of any assignee thereof. Said record shall be complete history of all franchises granted by the city and shall include a comprehensive and convenient ref erence to actions, contents or pro- ceedings at law, if any, affecting the same.
 2. A Public Utility Record. for every person, persons or corporation owning or operating any public util- 1ty under any franchise granted by the city, into which shall be trans cribed accurate and correct copies of each and every franchise granted by the city to said person, persons or corporations or which may be con trolled or acquired by them or it, to- gether with all annual reports and in spectlon reports, as herein provided, and such other matters of information and public interest as the mayor may.
 from time to time, acquire. All an-
 nual and inspection reports shall be
 published once in the official news
 paper of the city, or printed and dis
 tributed in pamphlet form, as the
 commission may deem best. and in
 case annual reports are not filed and
 inspections are not made as provided.
 the mayor shall, in writing, report
 to the commission the reasons there
 for, which report shall be transcribed
 in the record of the person, persons
 or corporation owning or controlling
 said franchise grant, and publish
 ed in the official newspaper of the city, or printed and distributed in pamphlet form, as the Commission shall deem best
 The provisions of this Section shall ! apply to all persons or corporations operating under any franchise now in force or hereafter granted by the city.
 Section r. Suitable books shall
 also be provided by the mayor for keeping account of the various sums of moneys paid in by persons or cor pOrations in connection with fran chises or privileges granted by the city, and such books of account shall o'NoSo bC OPtlI TUT eAdIIllIldllOn DN proper city officials and by any citi- zen of the city
 Section IS. No franchise shall be granted or privilege extended by the city for period longer than twenty five years from the date of granting of such franchise or privilege, and the Commission shall provide in each and all of such franchises and grants or ! At~fr- l.I the city for such franchise or priyi-
 lege, to be figured and based on the
 gross or net earnings, or the value of the property used by such grantee in connection with such franchise or privilege as to the Commission shall seem proper. and for the best interest of the city
 Section 19. (a) Every grant of a franchise or right shall provide that the city may, upon the payment there | for of it's fair valuation, to be made as provided in the grant, purchase ! and take over the property and plant 1 of the grantee in whole or in part The procedure to effect such pur- chase shall be as follows: When the Commission shall, by resolution, direct that the mayor shall ascertain wheth- 1 CT any such property, or part thereof, should be acquired by the city, or in the absence of such action of the 1 Commission, when a petition sub- scribed by ten per centum of the qualified tax paying electors request ] ing that the mayor shall ascertain whether any such property or part | thereof should be acquired by the city. l shall be filed with the city clerk, the i mayor shall forthwith carefully inves- tigate said property and report to the | Commission:
 CD At what probable cosFsaid | property may be acquired.
 i @ What, if any, probable addi- 1 tional outlays would be necessary to | operate the same
 l (3) Whether, if acquired, it could ! be operated by the city at a profit or | advantage in quality or cost of ser vice, stating wherein such profit or | advantage consists.
 l (D Whether, if acquired, it could
 be paid for out of it's net earnings
 and if so within what time and (5) Such other information touch ! ing the same as he shall have ac- quired.
 l Such report shall be made in writ 1 ing, shall include a statement of facts | in relation thereto with such particu- larity as will enable the Commission ! to judge of the correctness of his
 findings, and immediately after sub
 mission to the Commission, shall be ! filed with the city clerk, recorded in
 the Public Utility Record. and pub | lished once in the official newspaper | of the city, or printed and distributed 1 in pamphlet form. as the Commission may direct and deem best.
 If a petition subscribed by twenty five per centum of the qualified tax paying electors of the city, requesting that the question whether or not the city shall acquire said property shall be submitted to vote of the people. shall within sixty days after the filing
 of said report be filed with the city clerk the Commission shall provide. by ordinance, for the submission of the question to a vote of the quail fled tax paying electors
 (b) Every grant reserving to the city the right to acquire the plant as
 well as the property, if any. of tile
 grantee, situated in; on, above or
 under the public places of the city, or